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Over 54% of Bitcoin in circulation hasn’t moved for +12 months

Cryptopolitan


TL;DR Breakdown:

  • Over 50% of Bitcoin in circulation has not moved for at least 12 months. 
  • This shows investors are gradually turning strong hands. 

Many people in the cryptocurrency space are gradually turning into long-term investors. Especially for Bitcoin (BTC), more than 50 percent of the coins in circulation haven’t been moved since the last 12 months. This trend points to bullish investor sentiment, just as more people are increasingly accumulating BTC. 

54% of Bitcoin in circulation has been illiquid for one year

Bitcoin.org recently shared on Twitter that about 54.1 percent of Bitcoin in circulation hasn’t been moved or transferred since the past year. Crypto analyst and creator of LookIntoBitcoin.com, Philip Swift, shared similar data. He noted that up to 60 percent of Bitcoin in circulation hasn’t been moved on the blockchain for at least one year. 

As per Swift, this indicates BTC investors are “significant hodl’ing.” Such a strong hodl wave was last at the beginning of the bull run in 2016.