Here’s How Long and Short-Term Bitcoin Holders Are Navigating Current Market Conditions: Glassnode.

$CI GALAXY BITCOIN ETF CAD UNHEDGED ETF UNITS (BTCX.B.CA)$ Blockchain analytics firm Glassnode is revealing how long-term and short-term Bitcoin (BTC) holders are responding differently to the current weakness in the crypto market.

Based on the realized cap HODL waves metric, which shows how holders of different age brackets of Bitcoin spend their coins, Glassnode says that long-term BTC holders are holding on tight to their coins despite the ongoing price correction.