Veterans still hodling BTC despite 70% price growth this year

Veterans still hodling BTC despite 70% price growth this year
фото показано с : invezz.com

2021-12-29 18:45

Veteran Bitcoin (BTC/USD) hodlers are still selling record low amounts of the flagship crypto even though it gained 70% this year. In the last quarter of the year, only younger BTC bought at the summer $30,000 lows is being transacted, data shared by CoinTelegraph shows. Seasoned hodlers have barely spent any coins despite $69,000 all-time highs this year.

The Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode also shows that the share of BTC spent by veterans remains near record lows. CDD remains calm in the latest sign of the conviction of those who invest in and hold Bitcoin for years.

An alternative to simple volume measurements

The indicator quoted by CDD refers to how long each Bitcoin has been dormant with each move. This is an alternative to simple volume measurements to establish market trends. Therefore, younger coins are less important than older ones with a history of active movement.

UTXO Management summarized alongside an imprint of the chart:

The 90-Day Coin Days Destroyed Bitcoin metric shows the behavior of what older coins are doing. Rising values show older coins being spent. Despite a rise over the last few months, the current value is still around historic lows.

A spike in old coin sales after 2017 all time high

The data shows that strong hands have ‘stayed firm’ ever since a spike in old coin sales after the BTC/USD rate crossed 2017’s ATH of $20,000 last year. The trend remained intact despite the run to nearly $70,000. Newer market entrants seem to be generating the selling at the moment.

Buy in summer, sell in winter

An Unchained Capital metric called Hodl Waves indicates that Bitcoin bought between three and six months ago is now responsible for the biggest drop in overall supply. This suggests that sellers bought their BTC between June and September this year. During this period, BTC/USD dropped to lows of $30,000.

Differences between hodlers

Differences between hodlers have long been under the loop. As BTC/USD is about to end 2021 at around $20,000 above the start of January, even market entrants at $20,000 are doubling down. Hodlers are adding to their positions this month.   

The post Veterans still hodling BTC despite 70% price growth this year appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

New Year Bull (NYB) на Currencies.ru

$ 0.0703336 (+0.01%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.09 %
Cегодня L: $0.0703336 - H: $0.0703336
Капитализация $0 Rank 99999
Цена в час новости $ 0.0272132 (158.45%)

year btc still summer bought younger quarter

year btc → Результатов: 126


Bitcoin (BTC) Buyers Since 2011 Register 0.347% Profits Per Day As Store Of Value Property Builds

Although cryptocurrencies have been in a bear trend since the beginning of the year, Bitcoin holders since 2011 have registered 0.347% profits per day if they keep holding their virtual currencies. According to the Store of Value Tracker Website, if an individual bought Bitcoin in January 2011 it has registered a 0.347% daily average change. […]

2018-11-15 10:39


Фото:

New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.

2018-11-13 00:43


Winklevoss brothers are suing Charlie Shrem over 5 000 of Bitcoin (BTC)

Cameron and Tyler Winklevoss are suing early bitcoin investor and entrepreneur Charlie Shrem over thousands of bitcoin they allege he owes them from a previous business deal. The New York Times reported on Thursday that Shrem – who previously spent a year in prison for money laundering and operating an unlicensed money-transmitting business related to […]

2018-11-3 18:18


Bitcoin ETF To Capitalize on Falling Stock Prices?

Bitcoin (BTC), Exchange Traded Fund (ETF)–Yesterday EWN reported on a development by JPMorgan analysts over their prediction of an inevitable U.S. recession lingering on the horizon. According to the report, JPMorgan is predicting a 60 percent chance of recession occurring by the year 2020, with that number climbing further to 80 percent in the next […] The post Bitcoin ETF To Capitalize on Falling Stock Prices? appeared first on Ethereum World News.

2018-10-25 05:35


Why Tesla Accepting Bitcoin (BTC) and Crypto Would Be Ideal for Both Industries

The Lamborghini has been the dream car for many crypto enthusiasts and traders ever since Bitcoin (BTC) and cryptocurrencies were popularized by mainstream media mid last year. Back then, and till around March this year, the words on every crypto trader were When Lambo? This phrase was used to indicate the need for a cryptocurrency […] The post Why Tesla Accepting Bitcoin (BTC) and Crypto Would Be Ideal for Both Industries appeared first on Ethereum World News.

2018-10-23 10:15


Фото:

NANO Beats XRP in a Recent Binance Deposit Speed Test

During the Bull Run of last year into early this year, many traders shared notes as to what cryptocurrency was the fastest when shooting funds across exchanges to catch in on the trading action. As the global trading volume grew, many traders found out that the Bitcoin (BTC) and Ethereum (ETH) networks were getting congested, […] The post NANO Beats XRP in a Recent Binance Deposit Speed Test appeared first on Ethereum World News.

2018-10-18 19:19