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Just as you think Crypto is getting boring as the prices have now barely moved, neither up or down, for over two months now, you should remember that there is a lot more to Crypto than just this one price chart, but the fundamentals and especially the behaviour of the people holding Crypto is very important too, how do holders actually behave? One easy way to illustrate that is through something we call on-chain data. That is basically just data gathered to show when assets leave a wallet and how long they stay untouched for example, this is especially easy as all of that data is open to everyone, on the blockchain. Bitcoin Long-term holder supply, by Will Clemente Here we have the long-term holder supply, meaning the share of the total Bitcoin supply that was bough by someone and not moved over a long period of time (usually 6 months is enough to be see as a long-term holder). We can see how this long-term holder supply has just hit a new ATH, at nearly 15M BTC being in the hands of long-term holders, that is nearly 79% of the whole Bitcoin supply. This metric has especially been increasing this bear market and has been hitting constant new ATHs, showing how even in the bear market the dedicated holders did not sell at all. This chart is an amazing testament of how, no matter what kind of a market conditions we are in, some long-term holders will always be able to endure this and to get to the other side. Hopefully we all will be part of them… [link] [comments] |
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