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Data: BTC long-term holders still accumulated about 500,000 BTC in the past 3 months

Data: BTC long-term holders still accumulated about 500,000 BTC in the past 3 months

2022/10/19

Persistent inflation is reportedly weighing on global markets. Last week, the US core CPI was announced, up 6.6% year-on-year, at a 40-year high. Meanwhile, the Bond Market Option Volatility Index has surpassed levels seen during the 2020 flash slump, signaling growing stress in the bond market. On the other hand, there are signs that the crypto industry is maturing. For example, tether recently disclosed that there is currently no commercial paper in the company's reserves. Additionally, long-term BTC holders are still buying the dips, accumulating around 500,000 BTC over the past three months.

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