90% of Bitcoins Issued So Far Fit!

bitcoin and altcoin HODL is one of the investment strategies that investors frequently encounter.

While it takes a strong will to HODL in the extremely volatile cryptocurrency market, we have seen that many investors are obligatory HODLers in the 2022 bear market.

When we look at the investor habits, we see that it is easier to HODL at a loss (of necessity), but this cannot be done for a long time while in profit.

When we look at the number of BTC in HODL position in Bitcoin, we see that it is a very serious number.

90% Sleeping

According to data provided by Bitinfocharts, as of today, the number of Bitcoins held in dormant wallets in the last five years has reached 17.87 million BTC.

Considering that the number of Bitcoins currently mined is 19.12 million, this means that more than 90% of the mined BTCs have not moved in a period of 5 years.

With dormant Bitcoin wallets here, we mean wallets with non-zero balance but no exit transaction for a certain period of time.

The 17.87 million Bitcoins mentioned above include BTCs held for HODL as well as funds whose private key is forgotten, lost and inaccessible.

Most Early Investors

When we look at sleeper wallets, the top 5 are as follows:

Here is 79957 in the most valuable wallet that has not been exited for 5 years BTC held and its present value is approximately $1.7 billion.

This wallet made its first purchase in 2011.

They Keep Their Faith

Sleeper wallets have spawned many whales over time. We see that wallets that believe in Bitcoin and constantly accumulate instead of selling take advantage of being an early investor.

The fact that these wallets move from time to time and go to profit realization can also affect the short-term trend of Bitcoin. However, as can be seen, 90% of the Bitcoins issued have not moved for 5 years. Considering that many of these wallets are in profit, the fact that they are still not moving shows that they maintain their faith in Bitcoin.

*Not Investment Advice.