Long-term Bitcoin investors remain HODL strong amid price surge
The tenacity of Bitcoin (BTC) as a store of value is again prominent, as long-term investors continue to lead the market. In a recent analysis by a crypto market observer on the X platform called Stockmoney Lizards using the concept of “HODL waves”, he saw high confidence in the long-term potential of Bitcoin.
The concept of HODL Waves, first described by Unchained Capital, is done by taking a closer look at the duration of how long Bitcoin is held by investors. While the crypto market continues to see an inflow of new participants, the data shows that most of the Bitcoin supply is safely held by long-term investors.
1 represents the percentage of bitcoins in circulation that were last moved in the time period indicated in the legend. It should be noted that this data seems to be less volatile compared to Bitcoin price fluctuations.