{"id":27039,"date":"2024-08-19T13:00:49","date_gmt":"2024-08-19T10:00:49","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27039"},"modified":"2024-08-19T10:54:44","modified_gmt":"2024-08-19T07:54:44","slug":"long-term-bitcoin-holders-dominate","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/long-term-bitcoin-holders-dominate\/","title":{"rendered":"Long-Term Bitcoin Holders Dominate as 75% of Supply Remains Dormant"},"content":{"rendered":"

Based on recent onchain statistics from Glassnode<\/strong>, at least 75% of all Bitcoin<\/strong> in circulation has remained stationary for at least six months. Though a 21% down from its all-time high earlier this year, this noteworthy figure highlights the growing trend among long-term holders, or “HODLers,” who see Bitcoin as a wealth store.<\/p>\n

From only one week ago, when barely over 45% of the<\/strong> BTC<\/strong> supply<\/strong> had been inactive for at least six months, the data\u2014shown in Glassnode’s Hodl Wave chart\u2014showcases a startling increase. Rising to 74% suggests long-term investors clinging to their Bitcoin, maybe in hope of further price increases.<\/p>\n

The accumulated and holding of Bitcoin<\/strong> by long-term holders reduces the availability for trading. Should demand increase while the easily available supply declines, this shortage might drive price increases.<\/p>\n

Still, the image is not absolutely good. According onchain analyst James Check revealed on Aug. 19, over 80% of Bitcoin<\/strong> held by short-term investors\u2014those who have retained the currency for fewer than 155 days\u2014is now underwater, meaning these buyers paid more than the going market price. This brings to me past cycles when panic selling by short-term holders led to further market disasters.<\/p>\n

The overall market attitude is still cautious given the Bitcoin concern and greed index score of 28, which suggests anxiety. Not seen since December 2022 this degree of worry. Reflecting the ongoing volatility in the market, Bitcoin’s price fell from temporarily hitting $60,000 over the weekend to $58,900 at the time of writing.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i>Telegram, <\/span><\/i><\/a>YouTube<\/span><\/i><\/a>, and <\/span><\/i>Twitter<\/span><\/i><\/a> channels for the latest <\/span><\/i>news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Based on recent onchain statistics from Glassnode, at least 75% of all Bitcoin in circulation has remained stationary for at least six months. Though a 21% down from its all-time high earlier this year, this noteworthy figure highlights the growing trend among long-term holders, or “HODLers,” who see Bitcoin as a wealth store. From only<\/p>\n","protected":false},"author":6,"featured_media":23708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[61,7969,7968],"class_list":["post-27039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-bitcoin","tag-bitcoin-supply","tag-long-term-bitcoin-holders"],"yoast_head":"\nLong-Term Bitcoin Holders Dominate as 75% of Supply Remains Dormant - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/long-term-bitcoin-holders-dominate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-Term Bitcoin Holders Dominate as 75% of Supply Remains Dormant - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Based on recent onchain statistics from Glassnode, at least 75% of all Bitcoin in circulation has remained stationary for at least six months. 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