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Ethereum World News 2022-10-06 18:00:00

Bitcoin Long-Term Holder Supply Reaches An All-Time High Of 13.7M – ARK Invest Report

Ark Invest published its monthly Bitcoin report, detailing several bullish signs for the asset and the general market. It notes that Bitcoin is in oversold condition, and the asset might have reached a strong bottom, pointing to Bitcoin’s short-term-holder cost basis crossing below the long-term-holder equivalent for the first time since late 2018. Bitcoin’s long-term holder supply reached an all-time high of 13.7 million BTC, accounting for 71.5% of the outstanding supply. Ark Invest has released its monthly Bitcoin report, […]

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