Bitcoin’s long-term investors own over 76% of all BTC for the first time

[justdimin]

This data has already started pricing in the Bitcoin market looking at the sudden surge in price we got lately.  Just today Bitcoin had a tremendous price increase that saw the price smash the strong $31k resistance level drop the price more than 3 times on getting to that level and go as far as touching $33.7k from the $28k price level, making it roughly a six thousand-dollar increase in the price of Bitcoin.
The momentum is back and Volatility has increased hugely.

This are the best time to hold. The reason for the latest price surge is because of bitcoin spot ETF hype. Let us see what would happen, but I think bitcoin is still bullish right now. Only what that is needed is time, United States SEC will approve bitcoin ETF and the price would likely go higher. And according to what dansus021 just posted, the exchange outflow has increased and that only means people are not ready to sell but hold instead.

I am not sure if they are going to end up approving it anytime soon. There was a wrong rumor about Blackrock ETF being accepted but it turned out to be wrong so I doubt that it would be any different on this one as well, I think it is going to be pretty much similar thing yet again. I get that it may feel like maybe it is not the same thing but I think ETF thing is just not anytime soon and the increase has nothing to do with that.

If it was approved then it would be, it is still going up without the ETF which means that there are other reasons. Plus, there has been plenty of good news during the bear run and that means we should be considering that a bit different and could be doing something that could change it long term.

[OgNasty]

This number will continue to rise for many reasons. The biggest two probably being that people tend to lose their private keys resulting in what looks like coins being held by long term investors, and also the rise in exchange traded funds will surely result in coins being taken off the market and held in cold storage on behalf of investors.

[Fivestar4everMVP]

Well, this is a very huge number, I mean 76 percent of the entire circulating supply of bitcoin is not far from 100 percent of the same circulating supply, I personally believe these guys know the potential in bitcoin, they sure know what is coming for bitcoin in this coming halving.
Bitcoin halving alongside the US SEC approving the Bitcoin ETF could be a game changer, I personally have a feeling that the coming bull run could end up being very best of the all, we may likely see or experience something we have never experienced or seen before.

This is a pointer for us all, it's time to hold bitcoin and not a time to sell, I personally will not trade bitcoin this time for it might be very risky, better to trade altcoins and use the profit to buy more bitcoins and hold.

[FanEagle]

Looking at how we are doing great these days, I think the market finally picked up on it. I think all that "oh it is going up because of a fake ETF news" was old news, I do not think that its going like that and I think its doing fine, I do not think that it will do all that badly. I get it, people approach it like we are going to end up with something lower when everyone realizes that's a lie, but that's not really true, its been over a week and we are still going up which means that it didn't go up because of that at all.

I think it should be quite important that we are going up because we want to buy and hold and want to take it higher, that's the thing people should realize. All those news are old news and shouldn't really be a bother, we need to end up with anything that would be a bit different. I hope that we are going to end up with something that should be a bit different in the end and we can comeback a bit later on, and see that it is even higher.