Long-Term Bitcoin Holders Accumulate $64,000,000,000 in BTC in Last 12 Months: Analytics Firm IntoTheBlock

Long-Term Bitcoin Holders Accumulate $64,000,000,000 in BTC in Last 12 Months: Analytics Firm IntoTheBlock


New data from crypto analytics firm IntoTheBlock reveals that long-term holders of Bitcoin have accumulated tens of billions of dollars worth of BTC during the last year.

In a new report, IntoTheBlock highlights a “somewhat bizarre” rally that occurred in crypto even though macro factors served as headwinds for the digital asset markets.

The US economy just recorded its second straight quarterly decline in real GDP (gross domestic product). Despite the decrease in growth and the Fed’s 75 [point] rate hike, crypto markets have strongly outperformed.”

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As the crypto markets flash signs of life, IntoTheBlock says that long-term holders, or entities that have been holding their crypto stack for at least a year, have accumulated 2.7 million BTC ($64 billion) in the past 12 months.

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