Bitcoin (BTC) active supply – currencies that have moved in the last two years or earlier – fallen to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had bought more than two years ago are not willing to sell after the 40% drop.
Even the miners, who sold during the May correction, have reversed their decision. Miner address exits are at the lowest level in seven months, suggesting that miners are holding onto their Bitcoin.
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