This shows that the long-term holders have built up their confidence in keeping it for long; it will also serve as a lesson to any short-term Bitcoin holders, although these long-term holders have always believed that the growth of Bitcoin in the future would be massive and be appreciated and also look up to the market cycle of its constant supply of 21m BTC. Moreover, as long as these holders keep holding BTC, it will also trigger the market price or increase the price, and it's going to be the happiest moment for the holders and the crypto enthusiasm
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Fortunately, we have been witnessing a very exponential adoption growth as well as sharp demand rise of Bitcoin investors. This will trigger Suppoy adn Demand effects and force Bitcoin to the Moon price.
The truth is that Bitcoin will keep on appreciating due to so many factors, which are it limited supply, and in economics, we all know that the greater the demands, the higher the value of the commodity, that's why I am positive that Bitcoin will keeps on appreciating because it demands are souring higher as times passes by.
Then talking about it low adoption rate presently when compared to world population, their is a higher probability that it value will keeps on rising as more investors are coming into it.
Bitcoin has proven to be reliable overtime that no matter how dip it went, it can always recover, so it's an investment opportunity we shouldn't take for a joke.