A significant portion of Bitcoin holders, often referred to as “hodlers,” have kept their coins untouched for the past six months, regardless of market fluctuations. Onchain data confirms that nearly half of Bitcoin’s total supply has remained dormant, showcasing the strong conviction of long-term investors.<\/p>\n\n\n\n
According to Glassnode’s latest report in their weekly newsletter, “The Week Onchain,” 45% of all Bitcoin has not moved in the last six months. This data indicates that a large segment of Bitcoin investors did not sell their holdings, even when Bitcoin hit new all-time highs several months ago.<\/p>\n\n\n\n
Glassnode’s analysis, which focuses on the realized cap HODL waves indicator, reveals that despite the significant market volatility, many investors prefer to hold onto their Bitcoin rather than engage in active trading. This behavior suggests a long-term belief in Bitcoin’s value, as these holders continue to accumulate rather than liquidate their assets.<\/p>\n\n\n\n
Long-term holders (LTHs), who have held their coins for at least 155 days, played a significant role in the market dynamics leading up to Bitcoin\u2019s all-time high and the subsequent market movements. Glassnode noted that these holders distributed some of their Bitcoin during the market peak in March but have since shown a renewed commitment to retaining their coins.<\/p>\n\n\n\n
The report highlights that only 1.7% of trading days have seen a greater distribution pressure than during the March peak. However, this pressure has since eased, with LTHs now favoring accumulation over selling. The percentage of Bitcoin wealth held by long-term investors has stabilized and is beginning to grow again, indicating a reduced sell-off tendency among this group.<\/p>\n\n\n\n
While concerns about potential sell-offs and market downturns persist, particularly after the significant sell-off at the beginning of August, there is also cautious optimism in the market. The Crypto Fear & Greed Index has shown fluctuations, reflecting the ongoing uncertainty within the crypto space.<\/p>\n\n\n\n
Countering the fear of sell-offs is a growing optimism about global liquidity. Some analysts believe that the current economic climate, with a potential shift toward financial policy easing, could benefit the cryptocurrency market. Charles Edwards, founder of Capriole Investments, expressed this sentiment, noting that the global money supply is increasing, which could support Bitcoin\u2019s long-term growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
A significant portion of Bitcoin holders, often referred to as “hodlers,” have kept their coins untouched for the past six months, regardless of market fluctuations. Onchain data confirms that nearly half of Bitcoin’s total supply has remained dormant, showcasing the strong conviction of long-term investors. Bitcoin Hodlers Stick to Their Strategy According to Glassnode’s latest […]<\/p>\n","protected":false},"author":10,"featured_media":6007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257],"tags":[],"class_list":["post-10967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"yoast_head":"\n