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PANews stated that 81%of Bitcoin circulating supply has gone more than 6 months without being moved.
Data: 81%Bitcoin circulating supply has exceeded 6 months without a transfer
PANews September 26 news, according to data from Bitcoin financial services provider River, currently, 81%of Bitcoin in circulation has gone more than 6 months without being moved. Holders' reluctance to sell has further increased, and this is regarded as a strong long-term holding (HODL HODL) signal.
Source: https://www.panewslab.com/zh/articles/01a0db6a-5797-73db-a262-1a014b8b1b9c
PANews reported on September 26 that River data show that 81%of Bitcoin in circulation has gone more than 6 months without being moved.
The report described this as increased reluctance among holders to sell and regarded it as a long-term holding (HODL HODL) signal.
The following is analysis, separate from reported facts. Verify important claims independently.
This data indicate that most Bitcoin in circulation has not been moved for at least 6 months. The report interprets this as holders being more inclined to continue holding, but the data themselves do not necessarily indicate that prices will rise or fall.
A high proportion of Bitcoin that has not been moved for a long time indicates that the on-chain holding structure is tilted toward long-term holding, which may draw greater attention to subsequently observable transfers in the market.
It can help beginners understand how on-chain data describe holders' holding periods and transaction activity.
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A strategy of holding assets for the long term after purchasing them, while avoiding frequent trading.
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