According to data from IntoTheBlock, the BTC balance currently held by long-term Bitcoin holders (HODLers) is close to an all-time high, reaching 13.45 million Bitcoins, equivalent to approximately 69% of the circulating supply. HODLers refer to individuals who have owned Bitcoin for more than a year and have gradually increased their holdings over time.
Slim Daddy, an analyst at IntoTheBlock, pointed out that this phenomenon may be one of the potential reasons why Bitcoin can still maintain a strong price during market turmoil. This shows that long-term investors still have strong confidence in Bitcoin. They stick to their positions and are not disturbed by market fluctuations, which has a positive effect on maintaining the price stability of Bitcoin.
