Bitcoin (BTC) and altcoinThe declines in stock prices caused many investors to suffer losses.
While some investors who have suffered losses are selling their cryptos by surrendering to the difficult conditions of the bear market, some continue to hodl.
Popular researcher investigating the status of investors cryptocurrency analytics platform CryptoQuant analyst maartun, long-term investors HODL He said they insisted on doing it.
According to the analyst, long-term investors hold more than 75% of all available Bitcoins, the first time these high rates have been seen in 7 years.
“Long-term investors hold more than 75% of all available Bitcoins.
These numbers are percentages we have not seen since October 2015.
These ratios are important because long-term investors are experienced market participants who have seen different phases of the market.
They have a statistically lower spending behavior and therefore these investors are hodl’ers of last resort, who provide strong support for Bitcoin.”
Stating that we are in a process where cryptocurrencies are shifting from younger and less experienced investors to long-term investors in Bitcoin’s already found bear market, the analyst said, “Bitcoin can move to a new stage when the process in question is completed, which will take time.” said.
Long-term holders are holding more than 75% of all existing #Bitcoin. This are percentages we haven’t seen since Oct ’15.
data by @cryptoquant_com#Bitcoin #OnChain #Data #Investment pic.twitter.com/oBxdAJOZbF
— Maartunn (@JA_Maartun) October 24, 2022
One of the Bitcoin long-term investors mentioned by the CryptoQuant analyst is undoubtedly Ark Invest CEO Cathie Wood.
Because the famous CEO recently bitcoin 400 for a total of $100,000 while it was $250. BTC He said he bought it and still hasn’t sold it.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!