7% of the entire circulating supply of Bitcoin (BTC)
Nearly 7% of the entire circulating supply of Bitcoin (BTC) is held in the pockets of eight big cryptocurrency exchanges, according to Twitter account The Token Analyst.
“Orders would be the Largest HODLers”
On Oct. 8, the Token Analyst composed that, throughout Bitcoin’s history, the quantity of the world’s hottest crypto coins on exchange wallets has always been increasing.
The Twitter account, which offers real-time and historical blockchain information, estimated close to 1.2 million coins will be currently held at the wallets of eight big exchanges — together with all the Token Analyst describing them as”the largest HODLers.”
An accompanying chart shows that Huobi Group is leading the bunch of crypto exchanges, with the maximum amount of BTC in its wallets. Binance and BitMEX are fighting it out for second location.
HODL the date
One of the best-known words at the crypto vernacular is having a birthday celebration on Dec. 18. The term HODL was coined on BitcoinTalk nearly six years ago, when Bitcoin started crashing after touching $1,000.
Bitcointalk member GameKyuubi gets the credit for coining the word HODL, a phrase that has been universally understood as a recommendation for not promoting electronic assets in times of FUD. He misspelled the word”grip” through a posted rant opposed to selling.
“Bitcoin price will rally higher”
Earlier we reported that CNBC crypto Twitter analyst Big Cheds said that the upcoming times are most likely going to be bearish for the crypto distance, however he remains bullish for BTC within the long run.
Exchanges like :
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