$44,557 on February 9th 2021; over a year ago; since then we have been accumulating in the $30-70k range.
BTC short-term supply (<155 days) has gone down by 32%, while long-term holdings (155+ days) have risen by 16% in 2021.
Even Though 2021 saw multiple new ATHs, and multiple 50% crashes, Bitcoin accumulation happened and IS happening nonetheless.
Newbies who joined last year are evolving to long-term holders (the market cap for Bitcoins older than six months is now 52% of the total market cap - opposed to 13% at the previous cyclic top).
Join us long term hodlers dollar cost averaging into this accumulation period - personally I donβt plan to sell until two halvings from now. Happy Hodling!
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