Statistics: Long-Term Holders Start Selling, Bitcoin Expected To Rise

11月
27
2021-11-27 21:53
share to
Scan QR code with WeChat

According to news from November 27, chain data shows that the market is at the end of the accumulation level and the historical value of Bitcoin will rise accordingly. The long-term transaction rate measures the volatility of the Bitcoin product in the hands of the long-term holder (LTH). This address holds the BTC for at least 155 days (approximately 5 months). Historically, there has been a negative impact on the BTC and LTH exchange rate indices. When holders buy BTC wholesale, the price usually drops. When you sell, the price usually goes up. This is because LTH sells bitcoins to short-term holders. The latter generally buy when they go up and sell when they fall. LTH is a return only. (Bincrypto)

Next:
Research Director Central Bank: Improve the financial governance of the corporate platform and strengthen the monitoring of access to the main Internet platforms
On November 27, Wang Xin, research director of the China-based venture capital firm, told the 2022 annual finance and finance conference that corporate financial supervision needs to be strengthened and improved, and that access to oversight of large companies must be strong. We protect the rights and interests of businesses and consumers of Internet platforms. Wang Xin said that in order to meet the needs of digital business development, we must adhere to the principles of business and law, and strive to clean up and repair illegal and illegal activities on the Internet. He clarified that the functions of the business platform and all financial functions should include financial supervision. Provide comprehensive oversight of major Internet companies, enhance integration and visibility of business information dissemination, and protect the rights and interests of financial users. (Shell Financial)
2021-11-27 21:37

Weekly News

Recommend