Latest data from Bitcoin Pro Magazine This shows a significant trend among Bitcoin holders: nearly 75% of all Bitcoin in circulation has been idle for more than six months. This strong holding behavior reflects a strong belief in Bitcoin’s long-term value, despite market volatility.
The HODL Waves chart, a tool that plots the age of bitcoins based on the last time they moved, shows how different groups of holders react to market conditions. The dominance of older coins (those held for 6 months or more) suggests that long-term investors are increasingly holding onto their bitcoins, perhaps anticipating future price increases.
This trend toward holding cryptocurrency is significant because it suggests a declining supply of Bitcoin available for trading, which could lead to increased price stability or even a potential price surge as demand grows. The data also highlights the disparity between short-term traders and long-term investors, with the latter group — often considered “smart money” — more likely to hold their positions during periods of market volatility.
For new Bitcoin investors, this trend underscores the potential benefits of adopting a long-term investment strategy. Buying and holding Bitcoin consistently over time, rather than trying to time the market, is consistent with the behavior of those who have historically seen the greatest gains by holding Bitcoin.
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