Sentiment On Comparison Of Bitcoin Holders During 2022 Bull Market To The Current

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Well with the current market situation it seems the growing numbers of bitcoins holders which is said to be similar to a couple of years ago which bitcoin reached an all time high of $60k. The analytic firm sentiment made this known in on twitter as they said that there is a rising rate of Bitcoin hodlers as traders seem to have become increasingly content in keeping their bags unmoved for the long-term. We saw a similar trend from January 2021 through April 2021 when BTC rose above $64,000 for the first time.

Making a comparison with the circulation of bitcoin currently which was done with June last year which they said that it’s has been a sluggish year for bitcoin even if we are witnessing a bullish market movement. Has they said that Bitcoin is back below $28,000, and unique tokens moved continues to be a point of concern. When looking for validation of mid/long term bull runs, utility should be rising. For now, 105,000 BTC is moving per day, 56% less than its one-year peak in June ’22.

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