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Bear Markets truly are the hotspots for convicted HODLing, as over 13.4M BTC have not been moved at all over a whole year.

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by COINS NEWS 99 Views

Bear Markets truly are the hotspots for convicted HODLing, as over 13.4M BTC have not been moved at all over a whole year.

While we think that bear markets are nothing but selling, it is quite ironic that bear market in Crypto have also proven to be a primal case where all the holders are able to finally demonstrate the level of their conviction and dedication to their crypto investments. Some just paper-hand out of the markets, but others actually stay to show that they were serious with their investments (or of course they canβ€˜t afford to sell at loses).

That was the case in this Bear Market for Crypto too, as long-term holders once again showed their resilience. As long-term holders did hold 13.4M BTC for over one year without moving them anywhere at all.

Glassnode chart showing Supply Last Active 1+ year, reaching 13.4M BTC

This chart shows that Supply Last Active 1+ Year in a more detailed way and we can see that throughout this bear market it only increased further, which is very typical during bear markets. With that about 63% of the total BTC supply and 68% of the current circulating supply are in the hand of holders that did not even flinch during this whole bear market.

submitted by /u/partymsl
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