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Title: 2021-02-17 Long-Term Bitcoin ‘Hodlers’ hold 15% of Circulating BTC Supply Post by: blacky90 on February 19, 2021, 08:46:02 AM Glassnode data shows that the Bitcoin (BTC) holders (also called ‘hodlers’ popularly, who hold Bitcoin for price appreciation) hold 2,851,608 BTCs out of the total circulating supply of 18,618,081 BTCs. Therefore, the Bitcoin “accumulation addresses” now hold 15.32% of the total Bitcoin supply available in circulation. This is the highest percentage of the circulating supply held by the hodlers in the last three and half years. Just 3-months back, the Bitcoin holders held less than 14% of the total circulating supply of BTC. This means that the long-term crypto investors are not only continuing to hold the market supply but also sucking up market supply, thereby ultimately helping the largest crypto to maintain its broader upward trajectory. https://medium.com/daily-highlights-crypto-analysis-news/long-term-bitcoin-hodlers-hold-15-of-circulating-btc-supply-dec58255a0b2 Title: Re: 2021-02-17 Long-Term Bitcoin ‘Hodlers’ hold 15% of Circulating BTC Supply Post by: Xavofat on February 19, 2021, 10:32:19 AM This kind of news does make you wonder whether the HODLers will keep their coins even if the price soars further. Those who were in early enough may be tempted if the price is so high that they could be rich just by selling or by taking profits. If that starts to occur, there's a risk of a fall in BTC's value when dumping takes place.
Another risk is that the new HODLers which make up that percentage are the ultra-rich like Elon Musk, who are capable of manipulating the market just through tweets and announcements. Title: Re: 2021-02-17 Long-Term Bitcoin ‘Hodlers’ hold 15% of Circulating BTC Supply Post by: cr1776 on February 19, 2021, 11:16:23 AM Quote The accumulation addresses are the ones that have at least two incoming tiny amounts of Bitcoin transfers and have never spent funds. The accumulation addresses don’t consider the ones belonging to miners/cryptocurrency exchanges as well as the ones that are active for over 7-years. I question their methodology: 1. " at least two incoming tiny amounts of Bitcoin transfers" - why? 2. "don’t consider the ones belonging to miners" - why not? 3. "as well as the ones that are active for over 7-years." - presumably this means that address that were funded > 7 years ago? Why not? Seems pretty inaccurate. Title: Re: 2021-02-17 Long-Term Bitcoin ‘Hodlers’ hold 15% of Circulating BTC Supply Post by: tantra.press on February 19, 2021, 03:13:31 PM Im very interested in your discussion!
THK for your work www.tantra.press Title: Re: 2021-02-17 Long-Term Bitcoin ‘Hodlers’ hold 15% of Circulating BTC Supply Post by: DapanasFruit on February 23, 2021, 04:14:28 AM This kind of news does make you wonder whether the HODLers will keep their coins even if the price soars further. Those who were in early enough may be tempted if the price is so high that they could be rich just by selling or by taking profits. If that starts to occur, there's a risk of a fall in BTC's value when dumping takes place. Another risk is that the new HODLers which make up that percentage are the ultra-rich like Elon Musk, who are capable of manipulating the market just through tweets and announcements. Certainly, this is just one of some inherent risks with the Bitcoin market and there is nothing we can do it as it can also be true with other speculative assets in the market today. People who are holding a big amount of Bitcoin can be making a big impact on its price especially if they will decide to move their assets and convert into other form like cash or even other cryptos. However, with small holders we are on safer hands as most likely they will not be acting on unison at the same time. And with the bullish state of Bitcoin (of course, despite the 20% average pullback right now) more and more can decide to add to what they are already hiding which can hopefully produce more pressure for Bitcoin to rise up in price. |
