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The long-term holders are now holding the highest percentage of the Bitcoin supply since the early days of 2015. This bear market has been a big bull market of long-term holders.

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by COINS NEWS 58 Views

The long-term holders are now holding the highest percentage of the Bitcoin supply since the early days of 2015. This bear market has been a big bull market of long-term holders.

We all have withstood such a long bear market until now, the second longest bear market ever for Crypto and we still can not be 100% sure whether it is actually over or we are just having a bear market rally. All the tourists that had entered Crypto during the peak and were buying the latest shitcoins in the hopes of getting β€œrich quickβ€œ have mostly left the markets and even sold at major losses. Moreover, all short-term holders got shook out by the volatility and mostly failed to make profits

There really seems to be only one holder class that actually was able to capitalise on this bear market, the long-term holders. I suspect that surely everyone here is a long-term holder as they have stayed so connected with Crypto even now.

Long Term Holder supply chart by therationalroot (percentage)

On this chart we can see how the long-term accumulated with such a passions during this bear market that they are now holding over 73% of all the circulating supply (19M BTC). Which is levels with the early Bitcoin days of 2015, where BTC was below the price of $1k.

Long term holder Supply chart by therationalroot (pure number)

And actually long-term even hit an ATH of pure supply in their possession, this is because we now obviously have a higher total supply than in 2015 and as we hold the same percentage as in 2015, the pure number is just bigger.

So that is a bit of a heads up for people to who seem to lose their faith here. You are not alone, there are a ton of people that are betting on Crypto in the long-term so maybe you should follow the hive mind of our society, but even if Crypto fails you can be sure that you are not alone to lose.

submitted by /u/partymsl
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