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Bitcoin’s 1st Tweet at $0 Marks 16 Years: Details
By Tomiwabold Olajide
Published on January 11, 2025
According to Glassnode, the BTC price is currently nearly 7% above the STH cost-basis of $88,135. This implies that if the price stabilizes below this level, it could be an indication of dwindling sentiment among new investors, which often serves as a turning point in market trends.
Meanwhile, the percentage of Bitcoin wealth held by new investors (coins less than three months old) has increased to 49.6% of network liquidity. This suggests that mature investors have meaningfully distributed coins throughout the rally, with new demand offsetting sell-side pressure.
In other news, it’s interesting to note that this marks the anniversary of Bitcoin’s first tweet at $0, a significant milestone in the cryptocurrency’s history.
The views expressed here are my own and do not represent those of U.Today.
Source: u.today
