Re: 55% of bitcoin circulating supply have not moved since 2018
Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
I assume that a big part of them have lost access to their wallets.
Anyway,it's obvious that the army of HODLers are the main force behind the massive Bitcoin price growth.
Don't get me wrong,the institutional investors are pumping the Bitcoin price,but we would never reach 60K USD,if the circulating Bitcoin supply was higher and the HODLers were less.
How more people will be motivated to buy BTC and HODL in the long term,which means that less supply combined with increased demand is a guaranteed Bitcoin price to the moon.