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Bitcoin’s HODLers Are Making a Strong Comeback

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Bitcoins HODLers Are Making a Strong Comeback

According to reports, according to Glassnode data, the percentage of BTC supply has been active for more than five years recently, reaching a record high, with an amount of 28.419%.

BTC’s active supply percentage has reached a record high in the past five years

Analysis based on this information:


Bitcoin has had an incredible run in the past decade, from being a little-known cryptocurrency to now being a market leader. One of the key reasons for this has been its loyal follower base who have been holding onto their coins, also known as HODLers, through thick and thin. Recently, according to Glassnode data, there has been a sharp uptick in the percentage of Bitcoin supply that has been active for more than five years, indicating that HODLers are making a strong comeback.

The BTC supply that has been active for more than five years recently reached an all-time high of 28.419%. This means that over a quarter of Bitcoin’s available supply has not been moved in five years or more. This signal can be interpreted in two ways: either HODLers are becoming more confident in Bitcoin, or they are less interested in selling due to the ongoing macroeconomic and geopolitical uncertainties. Whatever the reason may be, it is clear that HODLers are holding strong and that their conviction is growing.

The trend of people HODLing Bitcoin is not new; it has been around since the earliest days of cryptocurrencies. However, what is different now is that the momentum seems to be building up, with an increasing number of people recognizing the value proposition of Bitcoin. The ongoing COVID-19 pandemic has brought financial instability to a new level, and inflation is threatening the value of fiat currencies worldwide. In such a scenario, it makes sense for people to diversify their portfolios and invest in digital assets like Bitcoin that are not affected by the traditional financial system.

The increasing number of HODLers means that the availability of Bitcoin is decreasing, which could be a sign of an upcoming bull run. It is a well-known fact that the scarcer the asset, the more valuable it becomes. As the demand for Bitcoin continues to grow, it is likely that the price will follow suit.

In conclusion, Bitcoin HODLers are making a strong comeback, with an increasing number of people recognizing the value of the leading cryptocurrency. The recent uptick in the percentage of BTC supply that has been active for more than five years is a positive signal for the market, indicating that HODLers are holding strong and that the demand for Bitcoin is increasing. As the supply continues to decrease, it is likely that the price will increase, leading to a potential bull run.

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