ANALYSIS: BTC addresses inactive for 1 to 2 years have been selling off since prices hit record highs
Data tracked by CryptoQuant shows a drop in the number of BTC that have been inactive for 1-2 years, a sign of profit-taking by holders as the price of bitcoin stays near all-time highs.Ilan Solot, Co-Head of Digital Assets at Marex Solutions, said in an email on Wednesday, "After the price of bitcoin hit all-time highs, the 1- and 2-year inactive active addresses have been selling off. This offsets the accumulation of long-term holders (+3 years)."
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