BTC’s Long-term Investors Increase, Fueling Market Stability

02/26/2023 17:25 • Metaverse & Beyond • 72 views

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than two years has just reached a record high of 51.081%.

BTC’s last active supply for more than 2 years reached a record high

Interpretation of the news:

The recent report from Glssnode revealed that the percentage of active supply of Bitcoin that has been held for over two years has reached an all-time high of 51.081%. This data suggests that more investors are holding onto their Bitcoin for longer periods, which may positively impact the market’s overall stability.

The significant increase in the percentage of Bitcoin’s active supply held long-term can indicate that holding Bitcoin has become more attractive to investors than selling. This phenomenon could be a sign that investors have faith in the market’s future growth, particularly given the increased institutional adoption of cryptocurrencies.

This data represents a positive shift in investor sentiment towards Bitcoin, as long-term holders tend to be more invested in the asset’s development and growth. These investors tend to have more significant influence than those who hold for a shorter time period, as they have the potential to increase the overall value of Bitcoin through their continued confidence in the asset.

This trend towards long-term holding can also be seen as an indication that investors are confident in Bitcoin’s resilience in times of market volatility. Historically, Bitcoin has been able to bounce back stronger after periods of significant downturns, and this could also be a factor in the increased percentage of long-term investors.

Finally, the increased stability of Bitcoin that comes with long-term holding can make the asset more attractive to institutional investors who are looking for a secure investment option. These investors tend to rely on stability as a key factor in their investment strategy, and the increased percentage of long-term investors could make Bitcoin more appealing to this demographic.

In conclusion, the significant increase in the percentage of active supply of Bitcoin held for over two years suggests that there is a growing trend towards long-term holding. This could positively impact the future growth and stability of the asset and attract more institutional investors to the market. As a result, Bitcoin’s value could continue to increase in the long-term, helping it maintain its position as the world’s largest cryptocurrency.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/3389.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

BTC’s Long-term Investors Increase, Fueling Market Stability

BTC’s last active supply for more than 2 years reached a record high

Related recommendations