According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit.
One-Year Bitcoin ‘HODLing’ Hits New All-Time High
According to data from Glassnode, more and more Bitcoin holders are choosing to keep their coins for the long term instead of selling them for a quick profit. This trend, often referred to as “hodling,” indicates that Bitcoin is becoming a more mature and stable asset class that attracts investors who believe in its future potential.
The data shows that the percentage of Bitcoin supply that has not moved in at least a year has reached a record high of 68%. This means that over two-thirds of all Bitcoins in circulation are being held by long-term investors who are not tempted by the price fluctuations. In fact, 40% of Bitcoin owners have been holding for at least three years, according to the on-chain data.
This data indicates positive developments for Bitcoin's growth and adoption, as it reduces the selling pressure and increases the scarcity of the cryptocurrency. It also suggests that holders are confident that Bitcoin will continue to appreciate in value over time, despite the challenges and uncertainties that it may face along the way.
