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25% of all Bitcoin was exchanged in this key price range

On-chain data cited by Glassnode found a significant chunk of Bitcoin was exchanged between users in the past few months in a certain price range.

25% of all Bitcoin was exchanged in this key price range

Cover art/illustration via CryptoSlate

The past few months have seen billions of dollars worth of Bitcoin shift from the hands of HODLers to newer holders, such as legacy institutions, technology firms, family offices, and fund managers.

The asset itself has surged from under $5,000 in May 2020 to over $58,000 today—giving the mythical 10x trade to whoever believed, bought, and held.

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