Bitcoin Holders Playing the Long Game:
Recent data reveals that a substantial portion of Bitcoin investors have maintained a steadfast grip on their holdings, with almost a third of the supply remaining stagnant for over five years.
Bitcoin’s Long-Term Holders Holding Strong
A recent analysis by market intelligence firm IntoTheBlock sheds light on the untouched portion of the BTC supply that has remained idle for more than five years. This dormant supply consists of Unspent Transaction Outputs (UTXOs) dating back at least half a decade.
- These long-term holders, also known as LTHs,
- Are investors who have held onto their coins for over 155 days
- Long-term holding suggests a strong commitment to not selling
- This static supply may include lost or inaccessible tokens
Analysis of Bitcoin’s historical supply data indicates that approximately 30.7% of the total supply remains dormant, untouched for over five years, showcasing resolute conviction among a subset of long-term holders.
This long-term supply can serve as a key indicator of investor sentiment and confidence:
- Previous dip followed by sideways movement
- Current value of the metric at 30.7%
Bitcoin’s Endurance Through Market Turbulence
Considering the timeline of the held BTC tokens:
- Earliest possible purchase in August 2019
- Endured COVID-19 crash and market fluctuations
- Resilience evident in sustained holding patterns
This long-standing commitment to holding Bitcoin indicates a strong belief in the asset’s long-term value, with investors unlikely to part with their holdings except under extraordinary circumstances.
Bitcoin Price Movement
Bitcoin’s price has experienced a minor decline of nearly 4% in the last 24 hours, settling at $58,100.
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