Bitcoin‘s recent sell-off, which pushed its price below $7,500 for the first time since May, wasn’t caused by capitulating long-term holders. Instead, newbie Bitcoin investors (those that had held for between one and three months) initiated October’s steep price decline, reports boutique research firm Delphi Digital. “In the days following the selloff, there was additional movement from slightly older holders in the 6-12 month range and 12-18 month range, with heightened exchange inflows to match,” said the firm. Bitcoins with five-year UXTO ages reaches all-time high Delphi Digital uses “Unspent Transaction Output” (UXTO) data to sort Bitcoins by the last time…
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Friday 1 November 2019
