Bitcoin continues to consolidate at $29,000. According to Glassnode's report, long-term Bitcoin holders hold an all-time high of 14.59 million BTC. Over the past seven days, the balance held in these wallets has increased by 43,949 Bitcoins. The long-term BTC rate reached a record 75%. This shows that investors see Bitcoin as a long-term investment and volatility is at historically low levels, marking the start of the accumulation phase after the bear market.

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Event ends: August 9, 16:00 UTC
More details: https://www