market remains highly volatile. Heavily impacted by the downturn of the broader financial markets, the king coin looks uncertain in the short term.In its assessment, Glassnode considered how differently the various cohorts of BTC holders have behaved as the entire market navigates through the bear market. The on-chain intelligence company also considered the disparity in the user behavior of HODLers and short-term holders.
Despite the severe fall in the market occasioned by the collapse of LUNA, investors took to accumulating BTC. Following this period of accumulation, the last phase, which we are currently in, entails investors seeking exit liquidity through coin distribution and profit taking. Upon analyzing the behavior of BTC holders in the long term, Glassnode considered the liveliness metric. According to, the metric provides insights into shifts in macro HODLing behavior. In addition, long-term holder accumulation or spending trends are identified.
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