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Data: Bitcoin Long-Term Holders Still Accumulated About 500,000 Bitcoins in the Past 3 Months

By Simon LawsonOctober 18, 20221 Min Read
Data: Bitcoin Long-Term Holders Still Accumulated About 500,000 Bitcoins in the Past 3 Months
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Persistent inflation is weighing on global markets. Last week, the US core CPI was announced, up 6.6% year-on-year, at a 40-year high.

Meanwhile, the Bond Market Option Volatiability Index has surpassed levels seen during the 2020 flash slump, signaling growing stress in the bond market. On the other hand, there are signs that the crypto industry is maturing.

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Tether recently disclosed that there is currently no commercial paper in the company’s reserves. Additionally, long-term holders of Bitcoin BTC -1.19% are still buying the dips, amassing about 500,000 Bitcoins over the past 3 months.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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