Bitcoin HODLers Expand Supply Despite Mt. Gox & German Govt. FUD
Summary
Long-term Bitcoin holders' supply has increased despite recent market FUD. Data from IntoTheBlock shows an expansion in long-term holder supply, indicating their resilience during market fluctuations. The increase in HODLer balance doesn't necessarily mean current buying, but rather reflects coins maturing over a year. Additionally, the Coinbase Premium Gap has been positive, indicating higher buying pressure on Coinbase, possibly driven by American institutional investors. Bitcoin's price has surged over 12% in the last seven days, reaching above $64,400.
