$7 Trillion Wall Street Giant is Watching This Key Bitcoin Metric
$7 Trillion Wall Street Giant is Watching This Key Bitcoin Metric
Fidelity Digital Assets reports that the supply of Bitcoin (BTC) held by long-term investors has reached an all-time high. This metric is considered a clear indicator of strong investor conviction, with data aligning with on-chain metrics that suggest the market is approaching past-cycle bottom levels, according to research analyst Zack Wainwright.
Fidelity Digital Assets says the supply of Bitcoin (BTC) held by long-term investors has reached an all-time high. Research analyst Zack Wainwright treats that cohort as one of the clearest reads on investor conviction. Fidelity says the long-term holder data appear consistent with on-chain metrics that are approaching past-cycle bottom levels. Why Fidelity Watches This
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