Bitcoin Sees Record Long-Term Investor Buying Since 2020
LONG-term investors in Bitcoin have made their largest purchase in six years, with data showing that they accumulated over $1.29 million worth of BTC by May 24th.
This significant influx of capital into the market has led to a price recovery for Bitcoin, which rose from around $58,000 to nearly $66,000.
Despite speculative selling, long-term wallets have chosen to view this as an opportunity to buy rather than sell.