War Couldn’t Make 1+ Yr Old Bitcoin Supply Budge As Hodlers Stay Strong
On-chain data shows the Bitcoin supply older than 1 year hasn’t moved much recently despite the uncertainty due to the war. Bitcoin Hodlers Stay Strong As They Refuse To Move Their Supply According to the latest weekly report from Glassnode, the BTC supply older than a year hasn’t shown much movement recently, suggesting that conviction […]
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Data shows the Bitcoin supply older than 1 year has shown accelerating movement recently, suggesting even the crypto’s stronger hands are feeling the fear in the market. Bitcoin Diamond Hands Are Starting To Budge In Current Market According to the latest weekly report from Glassnode, BTC’s older supply has been observing selling in recent days. The relevant indicator here is the “revived supply last active 1+ years,” which measures how many coins that have been sitting still since at least one year ago are seeing movement per day. When the value of this metric....
Bitcoin supply that has not moved for over two years has hit a 3-month low, indicating conviction from long-time HODLers. Long-time Bitcoin (BTC) HODLers are refraining from selling their holdings, on-chain data from Glassnode shows. According to Glassnode’s "BTC Percent Supply Last Active 2+ Years" indicator, Bitcoin that was last moved well over two years ago reached a three-month low to 45.364%.BTC Percent Supply Last Active 2+ Years. Source: GlassnodeThis trend indicates that Bitcoin HODLers who bought around the top of the last bull cycle in 2018 and before are showing deeper....
Despite the May sell-off, strong hands are mostly holding firm at prices which seemed impossible two years ago. Bitcoin (BTC) is less active than at any time this year, new data shows as traders stubbornly refuse to sell.One metric from on-chain monitoring resource Glassnode reveals that the Bitcoin supply is becoming less and less available despite lower prices."Spooked" hodlers cling to BTCOn June 2, Bitcoin’s active supply hit a five-month low of 44.5%. Bitcoin two-year active supply vs. BTC/USD chart. Source: Glassnode/ TwitterThe number measures coins which have moved in the past two....
The proportion of the BTC supply dormant for at least a year looks set to increase after putting in local lows. Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week.According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh ageing process.1-year-old supply bottoms outHighlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin supply which last moved a year ago or more is forming a local bottom.Under such circumstances in the past, holders or "hodlers,"....
Data shows the Bitcoin supply has now reached all-time high HODLing levels, a sign that could be bullish for the price of the crypto. Bitcoin HODLed Or Lost Coins Metric Has Hit A New ATH As per the latest weekly report from Glassnode, investors have been showing some aggressive accumulation behavior recently. There are a couple of relevant indicators here. The first is the “HODLed or Lost Coins,” which measures the total number of coins that have been sitting dormant on the blockchain. Such coins either belong to the HODLers, or are simply inside wallets that have been lost....