The metric published by Glassnode is often used to measure investor behavior and sentiment. High dormancy typically refers to a hodling behavior in which Bitcoin holders or “hodlers” keep their assets safe despite market fluctuations with an eye on long-term price growth.
Another impressive development in the Bitcoin community is the rise of “wholecoiners,” or Bitcoin addresses that hold at least one full Bitcoin (BTC). According to Rafael Schultze-Kraft, co-founder of Glassnode, the number of such addresses has now reached 1 million.
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