HODLers Unmoved By Recent Volatility…
Hodl long and hodl hard…diamond hands are going to create some very wealthy individuals…some lucky enough to gain generational wealth in this new age we have entered…
Bitcoin HODLers Unmoved By Recent Volatility, Glassnode Reveals
“On-chain data from Glassnode shows the recent volatility hasn’t been enough to make the ‘diamond hands of Bitcoin’ budge.
Bitcoin Long-Term Holders Continue To Increase Their Holdings
According to data from the on-chain analytics firm Glassnode, HODLing has remained the main dynamic among the long-term holders. The “long-term holder” (LTH) group is a Bitcoin cohort that includes all investors who have been holding onto their coins since at least 155 days ago.
An indicator called the “Supply Last Active Age Bands” can break down the total amount of supply that each “age band” in the market is holding right now. Coins are divided into these age bands based on the total amount of time that they have been sitting dormant on the blockchain for.
With the help of this metric, not only can the supply of the LTHs, in general, be tracked, but the behavior of the different segments of this group can also be studied.
In the context of the current discussion, the relevant parts of the LTHs are those carrying coins since at least one year ago. To be more particular, the age bands being considered here are the 1+ years, 2+ years, 3+ years, 4+ years, and 5+ years groups…
…BTC has experienced some pretty high volatility recently, but these investors still haven’t shown any significant changes in their supplies. “This suggests that HODLing remains the primary dynamic amongst longer-term investors, insinuating that further volatility in price action is required to entice old hands to spend,” explains Glassnode.”