While we think that bear markets are nothing but selling, it is quite ironic that bear market in Crypto have also proven to be a primal case where all the holders are able to finally demonstrate the level of their conviction and dedication to their crypto investments. Some just paper-hand out of the markets, but others actually stay to show that they were serious with their investments (or of course they can‘t afford to sell at loses). That was the case in this Bear Market for Crypto too, as long-term holders once again showed their resilience. As long-term holders did hold 13.4M BTC for over one year without moving them anywhere at all. Glassnode chart showing Supply Last Active 1+ year, reaching 13.4M BTC This chart shows that Supply Last Active 1+ Year in a more detailed way and we can see that throughout this bear market it only increased further, which is very typical during bear markets. With that about 63% of the total BTC supply and 68% of the current circulating supply are in the hand of holders that did not even flinch during this whole bear market. submitted by /u/partymsl [link] [comments]
Cryptocurrency News & Discussion
While we think that bear markets are nothing but selling, it is quite ironic that bear market in Crypto have also proven to be a primal case where all the holders are able to finally demonstrate the level of their conviction and dedication to their crypto investments. Some just paper-hand out of the markets, but others actually stay to show that they were serious with their investments (or of course they can‘t afford to sell at loses).
That was the case in this Bear Market for Crypto too, as long-term holders once again showed their resilience. As long-term holders did hold 13.4M BTC for over one year without moving them anywhere at all.
Glassnode chart showing Supply Last Active 1+ year, reaching 13.4M BTC
This chart shows that Supply Last Active 1+ Year in a more detailed way and we can see that throughout this bear market it only increased further, which is very typical during bear markets. With that about 63% of the total BTC supply and 68% of the current circulating supply are in the hand of holders that did not even flinch during this whole bear market.
submitted by /u/partymsl
[link] [comments]