Analysis: BTC addresses that have been inactive for 1 to 2 years have been selling since the price hit a record high
2024-06-14 10:07:19
June 14 news, data tracked by CryptoQuant shows that the number of BTC that has been inactive for 1-2 years has declined, a sign that holders are profiting while bitcoin prices remain near all-time highs. Ilan Solot, co-head of digital assets at Marex Solutions, said in an email on Wednesday: "After bitcoin prices hit all-time highs, 1- and 2-year inactive addresses have been selling off. This offsets the accumulation of long-term holders (+ 3 years)."
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