Data Suggests Bitcoin Holders Remain Stable – Bitcoin Magazine

This is opinion editor Shane Nagle, editor-in-chief of The Tokenist.

Macroeconomic headwinds continue to fuel bearish sentiment across all markets, including bitcoin.

As of October 2022, bitcoin is down more than 60% since the beginning of the year, but bitcoin trading volume has remained fairly stable since July 2022. Does this mean that the majority of owners have given up on the prospect of bitcoin and prefer to sell?

It’s a complicated subject to get into, but behind the noise there’s an indicator that can help paint a picture of what’s going on: coin days destroyed (CDD).

Source link