Bitcoin: half of BTC immobile for 2 years


Absolute trust? – Whether Bitcoin (BTC) price is still a long way from regaining its highs, the recent upturn in the crypto-asset market has enabled it to rise above the $20,000, and even to consolidate (for now) around 23,000 dollars. One of the factors of this increase is perhaps to be found in the fact that, now, almost 50% of bitcoins just don’t have not moved for 2 years.

Bitcoin Fans Hold This Crypto For The Long Term

The strategy of HODL is one of the simplest in the cryptosphere: it consists of keep his favorite cryptocurrency firmly, no matter what happens in the markets. HODL is particularly present among fans of Bitcoin.

A recent publication blockchain data aggregator Glassnode, has just demonstrated it to us once again. For the first time, more than 49% existing bitcoins have not been moved once in 2 years.

49% of BTC has not seen any movement in the last two years – Twitter account @glassnodealerts

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Hundreds of billions of dollars that remain stored warm: gold 2.0?

With a current total valuation of around $440 billion for the more than 19.2 million bitcoins already mined, this therefore represents the equivalent of $215 billion who stayed wisely hoarded during the last 24 months.

Such levels of BTC custody hadn’t been seen since 2017 Or end of 2020/beginning of 2021before the two previous bull runs of Bitcoin reach their final phase of exponential rise. However, the present case seems different : this time, we are really just coming out of a crypto winter (if we got out of it, by the way).

This HODL record is in any case an indicator rather bullishsince investors seem to confident in stopping the fall in BTC prices. Because otherwise, they would move them on exchanges, to be ready to sell them. Likewise, large institutional investors tend to keep their assets on longer long termand possibly contributing to this bitcoin holding record.

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