Cryptocurrency News

Bitcoin Price Fluctuations & Newly Entered Investors – Exclusive Report.

Long-term Bitcoin hodlers appear to not be selling despite this year’s all-time highs, while nervous newbies are taking profits along the price fluctuations.

In line with Unchained Capital’s “Hodlwaves” chart – which visually illustrates the time since BTC wallets were last active on-chain, this year has seen a rise in both long and short-term activity.

The chart shows the number of coins that have moved within the past 30 to 90 days is at its highest level since 2018. These addresses represent over 15% and are presently the most important segment of BTC wallets.

Bitcoin wallets that have remained inactive for between 3 & 5 years are presently the second-largest segment, representing 13.5% of all addresses. These wallets have also steadily expanded in number within this year in 2021, with onlookers speculating the info might reflect an outsized number of BTC bag-holders who bought within the 2017 season and held throughout the whole bear trend.

While the share of wallets that haven’t been active in between 5 & 10 years appears to possess been shrinking over the past year, the amount of addresses that are inactive for a min of a decade has increased from roughly 1.7% two years ago to 10.7% today.

Earlier on 11th March, CTO and co-founder of on-chain crypto analytics firm Glassnode, Rafael Schultze-Kraft shared data revealing the number of wallets that haven’t been active within the past 3 or more years has steadily hired since late December.

Bitcoin Price Fluctuations & Newly Entered Investors - Exclusive Report.

Moreover, the info reveals that the share of Bitcoin wallets that are inactive for a min. of 12 months has dropped from record highs of nearly 65% in January to 55% today, with nearly half Bitcoin [BTC] wallets active within the past year.

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