Home Bitcoin News Despite the growth of the exchange rate, BTC holders do not sell their assets

Despite the growth of the exchange rate, BTC holders do not sell their assets

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Crypto News

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The recent surge in bitcoin prices has not prevented long-term holders from retaining their shares. Recent data from Glassnode showed that the percentage of BTC held for at least three months has reached a record high of more than 85%.

Referring to the data of the analytical company Glassnode, Chinese journalist Colin Wu outlined the behavior of bitcoin holders and their latest attitude to the asset.

As shown in the graph below, the percentage of holders who have not moved their bitcoins for more than a decade is 12.3%. Because of this, tokens are considered inactive.

Similarly, those who have not transferred any BTC assets for two to three years and three and five years make up 10% and 12.26%, respectively.

Despite the growth of the exchange rate BTC holders do

Interestingly, the largest percentage of investors who refused to move their coins are those who held them for six to twelve months – 19.5%. In the end, 85.14% of bitcoins have not changed hands for at least three months, which is a new record.

This is happening despite the recent increase in the price of BTC. About three months ago, bitcoin was struggling at $30,000 and below. Since then, its value has almost doubled, but it seems that investors expect further growth and so far refuse to sell their assets.

Also, Glassnode data shows that the position of long-term holders continues to grow at a record pace – from 13 to 15 times compared to the new issue of bitcoins.

This means that these investors “accumulate satas 13 times faster than miners mint fresh coins,” the analytical company concluded.

1634190671 293 Despite the growth of the exchange rate BTC holders do

“Over the past 7 months, HODLing behavior has dominated, and more than 2.37 million BTC have moved over the threshold of a short-term and long-term holder (~155 days). For comparison, only 186,000 BTC was mined during the same period.” – it says in the latest analysis of the company.




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