TL;TD:
Investors are increasingly holding onto their bitcoin (BTC) for longer periods, with a record 68% of BTC being held for at least a year. The prevalence of long-term holding in crypto suggests bullish sentiment, as investors choose to hold on rather than sell. The long-term holder supply has reached an all-time high of 14.46 million bitcoin. Glassnode’s Liveliness metric indicates that investors are continuing to HODL, as it has fallen to the lowest level since December 2020.
Facts
- 📈 Record holding: 68% of BTC is being held for at least a year.
- 🚀 Bullish sentiment: Investors choosing to hold on to bitcoin is seen as a positive indicator.
- 💼 Long-term holder supply: Reached an all-time high of 14.46 million bitcoin.
- ⏰ Liveliness metric: Glassnode’s Liveliness metric shows investors are hanging onto their BTC, with the lowest level recorded since December 2020.
Originally published on Coindesk. Continue reading...
