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Bitcoin Hodlers: High Concentration of Old Coins

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It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than five years has just reached a record …

Bitcoin Hodlers: High Concentration of Old Coins

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than five years has just reached a record high of 28.215%.

BTC’s last active supply for more than 5 years reached a record high

Analysis based on this information:


The recent data revealed by Glassnode suggests a growing trend of long-term hodlers holding onto their Bitcoin (BTC) stash. According to the report, the percentage of supply of BTC that has been active for more than five years has reached a new all-time high of 28.215%.

Bitcoin hodling refers to the practice of holding and not selling Bitcoin for a long time, often years, in anticipation of future price appreciation. This group of hodlers is a critical segment in the Bitcoin ecosystem as they help build investor confidence and drive long-term stability.

The increasing percentage of active supply held by hodlers who have held their assets for over five years is a sign of Bitcoin’s rising popularity as a store of value. Investors looking for a stable investment alternative are flocking to Bitcoin as low-interest rates and high global inflation rates make conventional investments less attractive.

Moreover, the ongoing economic uncertainties and financial instability have led many people to view Bitcoin as a digital gold. The perception of Bitcoin’s scarcity and its ability to preserve value over time has made it an attractive investment option for many hodlers.

At present, hodlers control approximately 13.5 million BTC, representing about 68% of the total Bitcoin supply. This concentration of coins makes Bitcoin vulnerable to market manipulations by a handful of whales or large hodlers, leading to a relatively high degree of price volatility.

However, the growing concentration of old coins may limit the vulnerability of Bitcoin to market manipulations by a small group of investors. This situation, in turn, may promote greater price stability in the long run, strengthening the case for Bitcoin as a viable investment alternative.

In summary, the Glassnode report highlights the rising popularity of Bitcoin as a store of value, with hodlers holding onto their assets for an extended period, indicating confidence in its long-term growth potential. The concentration of old coins may also lead to diminished market manipulation by a few investors, thereby promoting greater price stability in the long run.

This information is useful to investors, traders, and regulators who want to understand the dynamics and trends of Bitcoin in the cryptocurrency market.

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