Long Term Hodlers Have Amassed Over 75% Of BTC…

“Hodl’ers form the last resort”…hahaha I resemble that!

Long-Term Bitcoin Holders Have Amassed Over 75% of BTC

“The gloomy market condition has failed to deter long-term Bitcoin holders who are currently in possession of more than 75% of all existing BTC.

As per an analyst at the crypto analytics platform CryptoQuant, this level was last seen in October 2015.

  • The sentiment of long-term holders is important as they represent experienced market participants that have been through different phases of the market.
  • The analyst explained that these entities have lower spending behavior statistically and hence are touted as the “hodl’ers form the last resort” while providing strong support for the flagship crypto-asset.
  • Bitcoin is currently trapped in a bear market cycle, a breakout from which, at least in the near term, does not appear likely.
  • CryptoQuant’s chart depicted that the coins are shifting from younger, less experienced market participants, to long-term holders.”



Master Asked on October 25, 2022 in Bitcoin.
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