Source: CoinTelegraph.com
Nearly half the available Bitcoin (BTC) supply has not moved in the past six months, onchain data confirms.
In the latest edition of its weekly newsletter, “The Week Onchain,” analytics firm Glassnode shows investors did not “sell the top” on BTC.
Bitcoin hodlers double down on reaccumulation
Bitcoin may have put in a new all-time high some five months ago, but a large section of the BTC investor base continues to double down on its holdings.
Analyzing the realized cap HODL waves indicator, Glassnode reveals that just over 45% of all bitcoins have remained dormant in their wallets for at least the past half a year.
Despite the record highs and subsequent volatility, a considerable swathe of market participants prefer to do nothing….