‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

Cointelegraph

Published Oct 19, 2020 01:17PM ET

Updated Oct 19, 2020 03:00PM ET

Old hands are selling their Bitcoin (BTC) holdings, according to Glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC.

Coin dormancy of Bitcoin. Source: Glassnode

On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote:

Continue Reading on Coin Telegraph