• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Technical analysis

The Amount of Bitcoin That Hasn’t Moved In a Year Hits an All-Time High

Joseph Young by Joseph Young
8 months ago
in Technical analysis
Reading Time: 2min read
The Amount of Bitcoin That Hasn’t Moved In a Year Hits an All-Time High
Advertisement

The number of Bitcoin that has not moved in over 12 months achieved a new all-time high. The statistic indicates investors are confident in the long-term trend of BTC.

Dan Held, who leads business development at a top U.S. Bitcoin exchange Kraken, said:

“61% of Bitcoin hasn’t moved in over a year. That’s an all-time high.”

bitcoin The supply of Bitcoin that has not moved for more than a year hits an all-time high. Source: Glassnode

Other metrics generally suggest that the level of “HODLing” has been increasing steadily since the start of 2020.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Following a “Black Swan” Event, Rising Long-Term Holders is Optimistic

On March 13, the cryptocurrency market plummeted following a U.S. stock market crash. More than $160 billion in value was wiped out, as Bitcoin dropped below $3,600 on BitMEX.

Despite the “black swan” occurrence merely three months ago, investors remain highly confident in Bitcoin.

The 1-year supply of Bitcoin typically reflects investors who are holding Bitcoin with a long-term thesis. It includes investors that foresee Bitcoin evolving into a major store of value as gold 2.0 and those that see BTC as a hedge against inflation.

Retail or individual investors often store their Bitcoin on non-custodial wallets or exchanges, so they are identifiable. Institutional investors, however, gain exposure to BTC through strictly-regulated investment vehicles like the Grayscale Bitcoin Trust.

As such, the lack of movement in the Bitcoin supply that did not move for 1 to 3 years may reflect retail investors that are holding BTC.

bitcoin priceThe drop of Bitcoin to sub-$4,000 and its recovery since. Source: TradingView.com

Retail “HODLing” Coincides With Institutional Adoption

The data point which shows an optimistic trend among retail investors coincides with rising institutional adoption.

The assets under management (AUM) of the Grayscale Bitcoin Trust is also at an all-time high. It is now well over $3.5 billion, surpassing the trust’s AUM in December 2017, when the price of Bitcoin was at a record high.

The positive sentiment around Bitcoin and the resilience of the cryptocurrency market can be narrowed down to two major factors.

First, the May 11 halving prompted optimism towards the likelihood of an exponential bull run in the years to come. Two previous halvings marked the start of prolonged uptrends in 2012 and 2016.

Second, the V-shape recovery of the cryptocurrency market led institutional investors to praise Bitcoin’s survivability. The shift in stance towards crypto assets changed particularly after Bitcoin’s unexpected recovery following an unprecedented sell-off in the first quarter of 2020

As the outflow of Bitcoin on cryptocurrency exchanges gear towards a multi-year low, analysts expect the number of retail investors holding BTC to increase.

The low reserves of Bitcoin on top exchanges in comparison to previous years suggest that the appetite to trade cryptocurrencies in the near-term, at least among retail investors, is at a low point.

Tags: bitcoinbtcusdBTCUSDTxbtusd
TweetShare10
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Related Posts

bitcoin bid side macro

Bid Side In Bitcoin Disappears Amidst Jittering “Macro Environment”

6 hours ago
bitcoin dollar

Dollar, Divergences, & More: Here’s Why Bitcoin Could Soon Bounce

11 hours ago
Binance Coin (BNB)

Charted: Binance Coin (BNB) Steadies Above $200, Why It Could Rally Again

1 day ago
Ethereum

TA: Why Ethereum Below $1,400 Could Spark A Sharp Decline

1 day ago
Bitcoin

TA: Why Bitcoin Price Is At Risk of A Drop Below $45,000

1 day ago
bitcoin overvalued stock to flow

Bitcoin Currently Overvalued By Stock-To-Flow Standards

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Bitcoin Gaming Platform FreeBitco.in Acquires 3.75 Billion FUN Tokens

February 26, 2021

60-Minute IFO, 187 Times Over-Raised, 40 Times the Price, 98 Million US Dollar Marketcap: Berry Data Has Become a Bright Star on BSC

February 26, 2021

Get Your Brand New Tokens on Defiqa’s Presale

February 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.