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Collapse of Crypto Exchange FTX Sees Long-Term Bitcoin Holders Shift to Distribution

A sustained decline in bitcoin owned by long-term holders may mean a widespread loss of conviction, Glassnode said.

Bitcoin long-term holders have shifted to distribution in the wake of FTX's collapse. (spiceteller/Pixabay)
Bitcoin long-term holders have shifted to distribution in the wake of FTX's collapse. (spiceteller/Pixabay)