Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K

Data tracked by Glassnode shows no signs of panic selling by long-term investors. Supply owned by long-term holders has declined by just 26,461 Bitcoin ( $78,075.00 ) since Nov. 10., representing a meager 0.19% of their balance, according to Glassnode data. Bitcoin ( $78,075.00 ) ’s liquid supply has decreased by 145,000 BTC over the past 30 days.