Bitcoin hodlers hold about 15% of the total supply

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Researchers from the Glassnode team recorded an increase in the trend for long-term storage of bitcoin.

According to their calculations, 15.32% of the total cryptocurrency supply is now under the control of so-called hodlers or BTC fans.

The wallets of such investors accumulated 2.851 million coins – this is the maximum figure in three and a half years. Note that the total supply of the cryptocurrency is currently 18,618,081 BTC.

Fans of the largest digital currency stepped up at the end of last year. Then the share of bitcoins held by them did not exceed 14% of the total supply of digital currency.

Researchers classify bitcoin addresses as cumulative if they accept cryptocurrency, but do not spend it. They analyzed data over the past seven years and did not take into account the balances of wallets owned by miners and exchanges in their review.

Over the past week, the share of bitcoins blocked in accumulation addresses has grown by 22%, or 80,000 BTC. The outflow of bitcoins from exchanges creates a shortage of supply in the market, which will inevitably lead to an increase in the value of this asset, analysts say.

Today, Bitcoin is trading at $ 38.3 thousand, over the past 24 hours its capitalization has increased by 7% to $ 713 billion.

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