Hodlers gonna hodl. 60% of the held Bitcoin supply stays unspent for over a year.
from on-chain analytics firm Glassnode shows that despite price volatility, over 60% of the BTC supply has not left its wallet in a year or more.Stubborn hodling by long-term investors is a characteristic that differentiates the current Bitcoin market climate from most other downtrends.
With spot price action passing 50% losses versus November's all-time highs last month, expectations were forIn fact, the opposite has been true for an extended period — long-term investors are adding to their positions or staying put on their BTC exposure. According to Glassnode's HODL Waves indicator, as of Feb. 18, 60.61% of the BTC supply has not been used in a transaction for a year or more.in Bitcoin's history has the one-year-or-more value reached that level.
As noted by entrepreneur and investor Alistair Milne, both occasions followed a downtrend and preceded a major bounceback in Bitcoin price action.Early 2016, price $380-450 range— Alistair Milne
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