HomeUncategorizedBitcoin speculators now own the least BTC since $69K all-time highs By Cointelegraph

Bitcoin speculators now own the least BTC since $69K all-time highs By Cointelegraph

August 16, 2023

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© Reuters

(BTC) speculators are leading a period of “exhaustion and apathy” across the market, new research says.

In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode wrote about waning conviction among Bitcoin’s short-term holders (STH).

Bitcoin long/short-term on-chain cost basis annotated chart (screenshot). Source: Glassnode
Bitcoin long/short-term holder threshold chart. Source: Glassnode