Posted 11/20/2023, 8:05:09 AM
On-Chain Data Shows Investors Increasingly Confident in Ethereum and Bitcoin as Prices Rise
- $1 billion in ETH moved off exchanges in 3 weeks according to blockchain analytics firm IntoTheBlock
- Long-term ETH holders increasing holdings suggests confidence ETH will go higher
- On-chain data shows new Bitcoin adopters flowing in and pushing price higher
- Bitcoin held by long-term holders reached new all-time high last week
- Hodlers tend to increase BTC holdings in bear markets and early bull markets