tldr; Since July 2022, 66% of Bitcoin’s circulating supply hasn’t moved for a year, according to Glassnode data. This level is the highest number of illiquid supply ever recorded. Interestingly, the rise in supply usually occurs just before the bottom of a bear market, as in 2018.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
This doesn’t sound like the win the article is trying to paint this as… “Crypto is so good people never want to spend it” sounds like the death of a currency to me mate
That’s exchanges holding, they are the biggest whales. Seeing how funds are easily mingled or used exclusively by some supposedly hero founders, it’s quiet unreliable and unbelievable how crypto will become a mainstream..
Atleast Eth has some real utility but BTC is just a store of value based on somembody next buying it…. Sometimes it scares me to shit thinking about all of these but then Profits are **irresistible**
Noone wants to sell at a loss
Hodlers assemble..
Everyone HODL’ing!
Diamond hands
So if we all HODL and no one wants to sell….
Yeah that’s right, then the price doesn’t change
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Those HOLDERS won’t be lucky but try warriors deserving all the glory
I mean if you held up to this point, I doubt you’re gonna sell any time soon.
Actually wanted to sell a bit, but forgot my seed phrase. Anyway…
I have some that’s a part of that number, but also, I’ve been moving a bunch with my DCA from Coinbase and moving to a ledger
No one wants to sell for a loss.
Especially when we truly believe in Bitcoin.
Over 66% of BTC hasn’t moved in last one year
>BTC is down 65% from last year
>I don’t understand,does this mean that the 33% of BTC moving is tanking the price??
Me and my $20 dollars in BTC are part of this.
Hey that’s almost the same % it’s dropped by, coincidence?
It’s just hibernating for the winter 🙂
Can’t move it cos it’s in my BlockFi account
No one is selling
Hodling is king
#HODLERS GONNA HODL
tldr; Since July 2022, 66% of Bitcoin’s circulating supply hasn’t moved for a year, according to Glassnode data. This level is the highest number of illiquid supply ever recorded. Interestingly, the rise in supply usually occurs just before the bottom of a bear market, as in 2018.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Shouldn’t we expect supply to gradually decline (and therefore not move) due to lost, forgotten, etc. keys?
Just wait and get paid for your patience when it pumps
🙂
Everybody waiting for BTC $100k.
A currency that is not used, sounds sustainable
Diamond hands
It wouldn’t make sense to sell now, quite the opposite. Only if the living expenses are catching up to you
This doesn’t sound like the win the article is trying to paint this as… “Crypto is so good people never want to spend it” sounds like the death of a currency to me mate
That just sounds like laziness. Not even 30 minutes a day of walking?
That’s exchanges holding, they are the biggest whales. Seeing how funds are easily mingled or used exclusively by some supposedly hero founders, it’s quiet unreliable and unbelievable how crypto will become a mainstream..
Atleast Eth has some real utility but BTC is just a store of value based on somembody next buying it…. Sometimes it scares me to shit thinking about all of these but then Profits are **irresistible**
Diamond hands or lost seeds
BTC is like an art, VIP, and a privilege. It is like a Super Bowl million dollar diamond ring.
Because it is volatile
I guess BTC is not a currency anymore
I wonder what percentage is lost forever…
Why would it? Selling at a loss is for losers.
No point in selling now.
Why the price so down then ?
Either we are all going to be very rich, or 66% of us are going to be holding a huge bag.
The only reason to sell is to claim losses. Just buy back same day.
They lost they wallets and keys
If only it would move the price up