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Short term Bitcoin buyers transition to long term holders

Short term Bitcoin buyers transition to long term holders

Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out of their positions, according to data from blockchain analytics firm Glassnode.

Last week, coins older than six months accounted for 5% of total spending, which is a level not seen since last November.

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