Bitcoin (BTC) hodlers are preparing for a bull run just like the one that led to $20,000 all-time highs in 2017, one metric suggests.
According to on-chain monitoring resource Glassnode on June 28, the proportion of the Bitcoin supply that has not left its wallet in a year or longer reflects 2016.
Dormant BTC channels 2016
Despite a hectic year for Bitcoin price action, the data shows that over 61% of the supply remained dormant through highs and lows.
This is a record, U.S. exchange Kraken…
… Continue Reading at: cointelegraph.com [source]