Bitcoin Price Decline Caused by Hodlers’ Unprecedented $30 Billion Sell-Off: Research

When the bitcoin price declined from nearly $20,000 in Dec. 2017 to below $6,000 during the first quarter of 2018, many observers blamed new investors whose shaky hands had never endured a true bear market. However, new research from blockchain analytics firm Chainalysis suggests that it was long-term investors, hands calloused from years of hodling

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