The second takeaway is that as retail has evolved into “smart money.” There is increasing adoption of a dollar-cost averaging approach or been seen as a perpetual buyer.
Again, taking less than ten bitcoins as retail, they currently hold around 15% of the circulating supply, translating to around 3 million bitcoin.
But, as a cohort, they continue to increase their holdings with very little sell-side pressure.
The data suggests they are the dollar-cost average cohort, and it would be fitting to categorize them as smart money as they continue to grow their bitcoin holdings and not be shaken out by price corrections...
News articles remains the property of the source. Tellbrief is a news aggregator.
