02-28-2023, 05:27 AM
78% of Bitcoin's circulating supply is in the hands of long term holders. That is mo
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11db6km/78_of_bitcoins_circulating_supply_is_in_the_hands/"> <img src="https://b.thumbs.redditmedia.com/-eCKOEILr-bpqMOCGV8h3JIkz8X4EtWDxN2sd-zBOjA.jpg" alt="78% of Bitcoin's circulating supply is in the hands of long term holders. That is more than 15 million coins! This is good for crypto and for us." title="78% of Bitcoin's circulating supply is in the hands of long term holders. That is more than 15 million coins! This is good for crypto and for us." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>As of today, 78% of the circulating supply of Bitcoin is in the hands of long-term holders. This means that more than 15 million coins have not been moved for at least six months.</p> <p>You can see the graph, made with Glassnode by James V. Straten, below, with Bitcoin's price in black and the percentage of circulating supply in the hands of long-term holders in blue. As the graph shows, over time, more and more Bitcoin are being HODLd and every new bull cycle a new peak is made.</p> <p><a href="https://preview.redd.it/a6nhkk3r7qka1.png?width=1800&format=png&auto=webp&s=9a8c12e9925b66f64cfb87cef39948f127758b3f">https://preview.redd.it/a6nhkk3r7qka1.png?width=1800&format=png&auto=webp&s=9a8c12e9925b66f64cfb87cef39948f127758b3f</a></p> <p>That so much of the supply resides with long-term holders is a great sign. Historically, a new peak of Bitcoin's circulating supply is made just before or during a significant rally. I highlighted these periods in red below. This happened in 2013, 2014, 2016, 2017, 2019, and 2020/2021. </p> <p><a href="https://preview.redd.it/8dwq8gg29qka1.png?width=1796&format=png&auto=webp&s=91c9da89461309100cf25ab4b2ce1f7f02f0aa89">https://preview.redd.it/8dwq8gg29qka1.png?width=1796&format=png&auto=webp&s=91c9da89461309100cf25ab4b2ce1f7f02f0aa89</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11db6km/78_of_bitcoins_circulating_supply_is_in_the_hands/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11db6km/78_of_bitcoins_circulating_supply_is_in_the_hands/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11db6km/78_of_bitcoins_circulating_supply_is_in_the_hands/"> <img src="https://b.thumbs.redditmedia.com/-eCKOEILr-bpqMOCGV8h3JIkz8X4EtWDxN2sd-zBOjA.jpg" alt="78% of Bitcoin's circulating supply is in the hands of long term holders. That is more than 15 million coins! This is good for crypto and for us." title="78% of Bitcoin's circulating supply is in the hands of long term holders. That is more than 15 million coins! This is good for crypto and for us." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>As of today, 78% of the circulating supply of Bitcoin is in the hands of long-term holders. This means that more than 15 million coins have not been moved for at least six months.</p> <p>You can see the graph, made with Glassnode by James V. Straten, below, with Bitcoin's price in black and the percentage of circulating supply in the hands of long-term holders in blue. As the graph shows, over time, more and more Bitcoin are being HODLd and every new bull cycle a new peak is made.</p> <p><a href="https://preview.redd.it/a6nhkk3r7qka1.png?width=1800&format=png&auto=webp&s=9a8c12e9925b66f64cfb87cef39948f127758b3f">https://preview.redd.it/a6nhkk3r7qka1.png?width=1800&format=png&auto=webp&s=9a8c12e9925b66f64cfb87cef39948f127758b3f</a></p> <p>That so much of the supply resides with long-term holders is a great sign. Historically, a new peak of Bitcoin's circulating supply is made just before or during a significant rally. I highlighted these periods in red below. This happened in 2013, 2014, 2016, 2017, 2019, and 2020/2021. </p> <p><a href="https://preview.redd.it/8dwq8gg29qka1.png?width=1796&format=png&auto=webp&s=91c9da89461309100cf25ab4b2ce1f7f02f0aa89">https://preview.redd.it/8dwq8gg29qka1.png?width=1796&format=png&auto=webp&s=91c9da89461309100cf25ab4b2ce1f7f02f0aa89</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11db6km/78_of_bitcoins_circulating_supply_is_in_the_hands/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11db6km/78_of_bitcoins_circulating_supply_is_in_the_hands/">[comments]</a></span> </td></tr></table>