#BitcoinSupply
#BTC
#BitcoinHolding
#LongTermHolders
#ShortTermHolders
#BitcoinDormant
#CryptoInvestment
#BitcoinMarket
The inherent characteristics of Bitcoin holders has come to the forefront recently, particularly with the growing trend of “HODLing”. Bitcoin HODLing, a term coined by the Bitcoin community, referring to the act of buying and holding onto Bitcoin rather than selling it, has been on the rise. The data retrieved from the Bitcoin blockchain exhibits that around 69% of the total Bitcoin supply has remained inactive for over a year. Analyst Root highlights in a recent post that this segment of Bitcoin holders have not moved an all-time high (ATH) portion of their Bitcoin supply for more than a year.
These group of holders, known as “long-term holders” or LTHs, form a significant portion of the Bitcoin investor base, alongside “short-term holders” or STHs. Depending on the metrics used by different analytical platforms, the separating line between these two cohorts usually ranges from five to six months. Investors who hold onto their coins for longer durations are considered the LTHs, whereas those holding for lesser time periods fall into the category of STHs. By nature, the more a Bitcoin supply ages, or remains dormant, the less likely it becomes to be put on sale, earning LTHs the reputation of being the more committed faction within the Bitcoin market. Furthermore, data suggests that the sizable proportion of Bitcoin’s total supply remains largely untouched even in the midst of a crypto market rally or breakdown, indicating a propensity amongst these investors to hold or HODL their assets regardless of market conditions.
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/09/bitcoin8.png
Comments are closed.