Crypto HODLers Stay Unwavering: 75% of Circulating Bitcoin Stagnant for Over Six Months

IconCryptoNewsTerminal Staff18 Aug, 2024

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Crypto HODLers Stay Unwavering: 75% of Circulating Bitcoin Stagnant for Over Six Months

75% of Bitcoin's circulating supply has remained dormant for over six months, reflecting the belief of investors in Bitcoin's long-term value. The HODL Waves indicator categorizes Bitcoin supply based on the time since its last movement. According to Tyler Durden of Zero Hedge, this inactivity suggests a strong conviction in Bitcoin's future potential, particularly during market fluctuations. This trend indicates that holders are less influenced by short-term price movements, supporting the idea that Bitcoin is increasingly viewed as a long-term investment.