Recent data from Bitcoin Magazine Pro shows that nearly 75% of all circulating Bitcoin has remained dormant for over six months, indicating strong HODLing behavior among holders. This trend reflects a steadfast belief in Bitcoin's long-term value. The HODL Waves chart illustrates how various groups react to market conditions, with older coins being dominant, suggesting long-term investors anticipate future price increases.
This trend of HODLing is significant because it indicates a reduced supply of Bitcoin available for trading. This could lead to increased price stability or even appreciation as demand grows. The dynamics reveal a contrast between short-term traders and long-term investors, with the latter group often viewed as 'smart money' likely to hold through market volatility.
For new Bitcoin investors, these trends underscore the benefits of a long-term investment strategy. Consistently buying and holding Bitcoin instead of trying to time the market aligns with practices of those historically achieving substantial gains; this behavior is prevalent among long-term holders.
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