The number of long-term Bitcoin hodlers has risen to a new high.

On September 18, the number of addresses that store bitcoins for more than a year reached 33.8 million, according to CoinMarketCap. This is a new high for the past year.

Thus, the share of hodlers among all participants in the Bitcoin market is 69.06%, according to CoinMarketCap.

The general trend is confirmed by MacroMicro statistics. However, in this case, the indicator is still lower than the annual maximum, which was recorded in July 2023:

Percentage of addresses where bitcoins are stored for more than a year. Source: MacroMicro.

Against this backdrop, there is an outflow BTC from centralized crypto exchanges. As of the end of August, reserve levels had dropped to 2.06 million BTC, according to CryptoQuant:

Bitcoin reserve on centralized crypto exchanges. Source: CryptoQuant.

On September 18, 2023, the Bitcoin rate surpassed $27,000 for the first time since the end of August.

At the same time, mining difficulty has reached an all-time high ahead of the halving in 2024. This generates positive expectations regarding the further movement of the price trend.

Source: Cryptocurrency

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