No, Bitcoin isn’t entering a 2018-like bear cycle, new data suggests, as BTC targets $45K
Cointelegraph
Published Aug 09, 2021 06:18AM ET
Updated Aug 10, 2021 08:20AM ET
The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode.
The blockchain analytics firm reported that investors who have held Bitcoin for more than one year showed a lesser interest in liquidating their investments versus those who held the digital asset for three to six months. Its dataset covered the period of Bitcoin’s correction from around $65,000 on April 14 to around $44,000 on Monday.
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Written By: Cointelegraph
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