12.58 million BTC has been hodl for over 12 months
Nearly 12.6 million BTC has not been moved for over 12 months. With a total circulating supply of just 21 million, more than half of all BTC will be hodl in the long-term. Statistics show investors’ strong belief that the Bitcoin market has not yet fully grown.
Analyst The Moon has highlighted the number of Bitcoin hodlers committed on Twitter, which includes himself.
Wow, 12.6 million Bitcoin have not moved in over 1 year!
This is MIND-BLOWING given that these HODLers saw $BTC go from $3.5k to $13.8k and back down again, unshaken!
— The Moon (@themooncarl) January 27, 2020
This number sounds crazy when the total market value for all Bitcoin hasn’t moved in over a year is over $ 108 billion.
Hodlers’ confidence in the investment remains strong despite the price shifting from around $ 3,400 to near $ 14,000 within six months and slowly reduced to about half of that number.
In the feedback chain, one user pointed out that long-term investors with strong will create a strong resistance. The Moon agreed but emphasized that it was difficult to determine exactly where that level is.
- CoinShares Estimates That 73% Of Bitcoin Mining Is Powered By Renewable Energy For Generating Their Crypto-Revenue
- Coinshares: 2019 Bitcoin Mining Rigs Produce Far More Hashrate Than Last Year Models