How has the amount of Bitcoin held by long-term investors changed since the beginning of 2020
In recent news, it has been reported that over 80% of Bitcoin has not moved in the past three months. This is a significant statistic, as it indicates that the majority of Bitcoin is being held by long-term investors.
The data was collected by the analytics firm Glassnode, which found that the amount of Bitcoin that has not moved in the past three months is currently at an all-time high. This is a sign that investors are confident in the long-term prospects of the cryptocurrency.
The data also shows that the amount of Bitcoin held by long-term investors has been steadily increasing since the beginning of 2020. This is likely due to the increasing institutional interest in the cryptocurrency, as well as the increasing number of companies that are now accepting Bitcoin as a form of payment.
The data also indicates that the majority of Bitcoin is being held by large investors, rather than individual traders. This is likely due to the fact that large investors are more likely to have a long-term outlook on the cryptocurrency, and are less likely to be influenced by short-term market fluctuations.
Overall, the data indicates that the majority of Bitcoin is being held by long-term investors who are confident in the long-term prospects of the cryptocurrency. This is a positive sign for the future of Bitcoin, as it indicates that the cryptocurrency is becoming increasingly attractive to institutional investors.
🟠 Percentage of Bitcoin not moved in the last 3 months 📈
