Bitcoin Diamond Hands Now Hold 76.2% Of Supply, A New ATH
The post Bitcoin Diamond Hands Now Hold 76.2% Of Supply, A New ATH appeared on BitcoinEthereumNews.com. On-chain data shows that Bitcoin long-term holders now own 76.2% of the entire supply, a new all-time high for the cryptocurrency. 76.2% Of Bitcoin Supply Now Locked In Diamond Hand Holdings In a new post on X, Capriole Investments founder Charles Edwards talked about the trend in the supply of BTC long-term holders. The “long-term holders” (LTHs) refer to the investors who have been holding onto their coins since at least 155 days ago. Generally, the longer a holder keeps their coins dormant, the less likely they become to move these coins at any point. Because of this reason, the LTH group includes the investors with the strongest resolve. Historically, the LTHs have kept quiet regardless of what’s going on in the wider market, as they don’t easily get enticed by profit-taking opportunities and ignore FUD situations. This resilience has earned this cohort the popular name “diamond hands.” The simplest way to track the behavior of the LTHs is through the combined supply that they are holding in their wallets right now. Now, here is a chart that shows the trend in the percentage of the total circulating Bitcoin supply that these HODLers own currently: Looks like the value of the metric has been going up in recent months | Source: @caprioleio on X As displayed in the above graph, the supply held by the Bitcoin long-term holders has seen an uptrend in the past year or so, suggesting that HODLing has become more dominant among investors. Something to keep in mind is that the LTH supply going up doesn’t mean that these HODLers are buying right now. Rather, what it reflects is that some accumulation happened 155 days ago; the coins have only matured enough to be part of the cohort today. After the latest rise that the indicator…
The post Bitcoin Diamond Hands Now Hold 76.2% Of Supply, A New ATH appeared on BitcoinEthereumNews.com.
On-chain data shows that Bitcoin long-term holders now own 76.2% of the entire supply, a new all-time high for the cryptocurrency. 76.2% Of Bitcoin Supply Now Locked In Diamond Hand Holdings In a new post on X, Capriole Investments founder Charles Edwards talked about the trend in the supply of BTC long-term holders. The “long-term holders” (LTHs) refer to the investors who have been holding onto their coins since at least 155 days ago. Generally, the longer a holder keeps their coins dormant, the less likely they become to move these coins at any point. Because of this reason, the LTH group includes the investors with the strongest resolve. Historically, the LTHs have kept quiet regardless of what’s going on in the wider market, as they don’t easily get enticed by profit-taking opportunities and ignore FUD situations. This resilience has earned this cohort the popular name “diamond hands.” The simplest way to track the behavior of the LTHs is through the combined supply that they are holding in their wallets right now. Now, here is a chart that shows the trend in the percentage of the total circulating Bitcoin supply that these HODLers own currently: Looks like the value of the metric has been going up in recent months | Source: @caprioleio on X As displayed in the above graph, the supply held by the Bitcoin long-term holders has seen an uptrend in the past year or so, suggesting that HODLing has become more dominant among investors. Something to keep in mind is that the LTH supply going up doesn’t mean that these HODLers are buying right now. Rather, what it reflects is that some accumulation happened 155 days ago; the coins have only matured enough to be part of the cohort today. After the latest rise that the indicator…
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