Glassnode: Bitcoin's market share has climbed to 56% in this bull market, and long-term coin holders are still firmly hoarding coins

BlockBeats news, on August 21, according to the latest report from Glassnode, Bitcoin market dominance (BTC.D) has climbed to 56% of the total market value of cryptocurrencies, a sharp increase from 38.7% in November 2022. Despite recent price fluctuations, long-term holders remain steadfast in accumulating Bitcoin. Data shows that "hoarding" behavior significantly exceeds "selling" behavior, especially the hoarding of Bitcoin after hitting an all-time high in March 2024.