Recent Data Bitcoin Magazine Pro A striking trend is emerging among Bitcoin holders: approximately 75% of Bitcoin in circulation has been dormant for more than six months. This strong HODL behavior reflects a firm belief in Bitcoin’s long-term value despite market volatility.
The “HODL Waves” chart is a tool that visualizes Bitcoin’s age based on its last movement date, showing how different holder groups react to market conditions. The dominance of older coins (those held for more than six months) suggests that long-term investors are increasingly holding onto Bitcoin, potentially anticipating a future price rise.
This HODL trend is significant because it indicates that the supply of tradable Bitcoin is decreasing, which could lead to greater price stability or even price increases as demand increases. The data also highlights the contrast between short-term traders and long-term investors, with the latter group (often considered the “smart money”) being more likely to maintain their positions during periods of market volatility.
For new Bitcoin investors, this trend highlights the potential benefits of adopting a long-term investment strategy. Consistently buying Bitcoin and holding it for the long term, rather than trying to time the market, is consistent with the behavior of those who have historically made the most money holding Bitcoin.
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