Analysis: 75% of circulating Bitcoin has not been moved in more than 6 months, indicating that long-term holders are betting on price increases

avatar
ODAILY
08-19
This article is machine translated
Show original
Odaily Odaily News Bitcoin Magazine Pro data shows that nearly 75% of circulating bitcoins have not been transferred for more than six months. Despite market volatility, this strong HODLing behavior reflects holders' firm belief in the long-term value of Bitcoin. The dominance of older bitcoins (held for 6 months or more) suggests that long-term investors are increasingly holding Bitcoin, possibly anticipating future price increases. This holding trend is important because it indicates a reduction in the supply of Bitcoin available for trading, which could lead to a steady increase in prices, or even potential price appreciation as demand grows. (ZeroHedge)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments