As Bitcoin Hits All-Time High, What Are Older Coins Doing On The Network?
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Because the bitcoin value hits one other all-time excessive, let’s dig into the habits of what older cash are doing on the community. Their habits helps decide the present state of market sentiment.
The spent quantity age bands for cash older than three months helps to color a transparent image of what occurred on the earlier all-time excessive. There was an growing development of older cash (provide higher than three months of age) being spent as value was bid up by new market entrants. The height in spent quantity share throughout this development preceded the blow-off high in value again in April.