Bitfinex: Bitcoin Coin Days Destroyed Hits 43M as Long-Held BTC Moves
- —Coin Days Destroyed hit 43 million on October 22 versus a median near 11 million
- —Exchange deposits are becoming a larger share of BTC inflows
- —Analysts see a decisive break above $82,500 as key to easing selling concerns
Why it matters: Renewed activity from long-term holders could add selling pressure on BTC near current resistance levels.
Source: Coinfomania