Glassnode: Record Amount of Bitcoin Untouched for Ten Years
Glassnode, a provider of on-chain market intelligence, has reported that there is a record amount of Bitcoin that has remained untouched for at least ten years. This is indicative of the faith that long-term holders have in Bitcoin despite market fluctuations. Here are the key points:
– Over 2.9 million BTC, equivalent to $82.5 billion, have not been moved for at least ten years.
– This number continues to increase, highlighting the continued interest in long-term investment.
– 29.202% of Bitcoin’s total supply has not been moved for at least five years.
– 40.352% of Bitcoin’s supply has remained inactive for at least three years.
– A significant amount of Bitcoin, 7,818,707.951 BTC, is held for so long that it may be considered lost.
The data suggests that many Bitcoin holders have maintained their positions for a significant period of time, showing their commitment to the cryptocurrency. This is seen as a positive sign for the long-term value of Bitcoin.
Hot Take: Long-term Holders Provide Stability in Volatile Market
Glassnode’s report on the record amount of untouched Bitcoin demonstrates the strong belief of long-term holders. By holding onto their Bitcoin for extended periods, they contribute to the stability of the market, even during times of volatility. This commitment to long-term investment is a positive indication of the trust in Bitcoin’s potential.
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