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A shockwave incoming for Bitcoin HODLers…. what to expect?

Bitcoin has been pulled out of cryptocurrency exchanges since the start of 2020, while its price has surged by 32% year to date. At first, it may seem counterintuitive that Bitcoin is being pulled out of exchanges while there is an uptrend in prices, especially since while the price has risen by 63% since 2019, […] The post A shockwave incoming for Bitcoin HODLers…. what to expect? appeared first on AMBCrypto.

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Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate

A cryptocurrency analyst, Timothy Peterson claims that 1,500 bitcoins are lost each day meaning only 14 million BTC will ever circulate. The figure is at odds with the estimate of many organizations including Markets.bitcoin.com which place the figure at 18.5 million coins. Still, Peterson, who is the CAIA Manager at Cane Island Alternative Advisors, argues the merits of his assertions by pointing to how this average daily loss dwarfs the 900 bitcoins that are mined every day. Furthermore, to support his contention, Peterson points to a research note published by his organization earlier in the year. In the five paged…

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Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows

The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% since June 2015. At the same time, whale-sized bitcoin wallets holding between 100 to 100,000 BTC have dropped to 49.8% from 62.9% five years ago. The figures suggest mass adoption is on the rise and that the top cryptocurrency is becoming more decentralized. “Control of…

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