1. Aiwaka AdventuresHome
  2. Blockchain Briefs

Bitcoin’s Long-Term Holders Reach New Record High

• Blockchain Briefs • 81 views

According to the report, according to the data of Glssnode, the percentage of supply of BTC that has been active for more than one year has just reached a reco…

Bitcoins Long-Term Holders Reach New Record High

According to the report, according to the data of Glssnode, the percentage of supply of BTC that has been active for more than one year has just reached a record high of 66.974%.

The percentage of BTC’s last active supply for more than one year has reached a record high

Analysis based on this information:


Bitcoin, the leading cryptocurrency in the world, has reached a new record high in terms of the percentage of supply that has been active for over a year. The data from Glassnode, a blockchain intelligence firm, shows that this percentage has just reached 66.974%, indicating a growing number of long-term holders of Bitcoin.

The latest statistics confirms the notion that Bitcoin hodlers are currently taking a long-term approach to their investment strategy. They are not only buying Bitcoin but also keeping it securely held away from the market. This is an indication of the underlying strength in Bitcoin’s market demand, as well as the maturation of the cryptocurrency market.

Glssnode’s data also indicates that the total supply of BTC has been gradually decreasing over time. This is due to long-term holders keeping their Bitcoin locked up, preventing it from being sold on the market. A decreasing supply means that Bitcoin’s market capitalization will continue to increase, making it harder for people to accumulate large amounts of Bitcoin at a lower price.

The increasing number of long-term holders is also leading to a shift in the narrative around Bitcoin as a viable investment option. It is clear that traditional investors are starting to see Bitcoin as a stable store of value, which is evident from the increasing interest in Bitcoin from institutional investors.

One potential explanation for the increase in long-term holders could be due to the steady increase in cryptocurrency regulations, which has led to the creation of a more robust and mature market. This has attracted investors who are looking for a more secure way to store their wealth, leading them to see Bitcoin as a viable option.

In conclusion, the increasing percentage of BTC that has been active for over a year is a positive sign for the cryptocurrency market. It represents the increasing number of long-term holders who see Bitcoin as a secure store of value. This could lead to a shift in the narrative around Bitcoin and attract more institutional investors to the cryptocurrency space.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/22/bitcoins-long-term-holders-reach-new-record-high/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/22/2023 18:25
Next 02/22/2023 19:18

Recommended articles