Long Term Hodler Supply Hits All Time High
I’ve said it before and I’ll say it again…hodl long, hodl hard…just hodl!
LONG-TERM HODLER SUPPLY HITS ALL-TIME HIGH
“The total supply held by long-term holders hit an all-time high of 12,656,092 BTC on October 19, 2020 before gradually drawing down over the following four months as new capital poured into the asset.
Long-term holder supply bottomed out on March 17, 2021 at 10,903,459 BTC, and started to steadily increase before a sharp acceleration following the mass market liquidations that occurred in May. With bitcoin more than 50% below its all-time high price, convicted market participants began to step in and accumulate bitcoin at a feverish pace. Today, long-term holders control 12,711,385 BTC and have accumulated 460,078 BTC on a net basis over the last 30 days.”