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Is Bitcoin’s price disrupting ‘Hodling’ cycle?

Bitcoin‘s market price is under a transitional period and the same can be said for the market sentiment at the moment. Correlation is a huge part of the market and any price movement often changes the metric which leads to important alterations. The asset’s price recently topped at $12,500 and it led to an interesting development in the ecosystem. Source: Santiment As indicated in the above chart, Bitcoin’s recent 7 percent drop came at the back of an extremely high spike in terms of Bitcoin’s Token Age Consumed Index. It was believed that the spike in this index caused high…

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