Over half the Bitcoin supply sits in wallets holding over 200 coins ($ 1.25 million), indicating faith among major bagholders remains, new research released September 17 suggests.
Diar: Investors ‘Keeping The Faith’
The data, compiled by cryptocurrency market research newsletter Diar in its latest weekly edition, echoes similar findings from industry researchers appearing throughout 2018.
Despite Bitcoin price 00 trending towards $ 6000 once again this week, there is little trace of panic selling, Diar noting largescale investors continue to show “very strong resolve.”
“Long-term investors are keeping the faith in the king of cryptocurrencies despite the bears market in 2018,” the newsletter comments.