Glassnode: "BTC holders continue to adhere to the HODL strategy" – Bits Media

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Glassnode: «владельцы BTC продолжают придерживаться стратегии HODL» - Bits Media

BTC owners, adhering to the HODL strategy, still don't sell their coins, despite the historical maximum of the bitcoin price, what indicates the further potential of the current bull market.

Bitcoin users, preferring strategies long -term investment (Hodl) continue to store their coins, despite , that this week the price of BTC has reached the next historical maximum. Bitcoin is now trading in $63 206, demonstrating a slight decrease in 1.5% per day.

«Probably, acquired by institutional investors at the end 2020 – beginning 2021 years of coins begin to "ripen", - says in the report of the analytical company Glassnode. “The Hodler Position Change indicator tends to increase, And if these institutional buyers adhere to Hodl strategies, That, probably, Its growth will continue along this trajectory in the coming months ".

Glassnode Coin Years Destroyed metrics (CYD) Track the number of days, presented by each "strip" Hodl during the 365-day period before, How this series will end or will be "destroyed". Cyd is currently tending to grow at the level, such a peak of BTC prices in 2013 year, but still much lower than the peak 2017 of the year.

“The age of the bitcoin network increases, And the existing coins had more time to accumulate. Given this, If many Hodl supporters sold their coins, We would expect a relatively great Cyd value ".

Glassnode: "BTC holders continue to adhere to the HODL strategy" - Bits Media

The CYD indicator indicates fewer sales supporters of the HODL strategy compared to previous peaks. Source: Glassnode

Macroeconomic factors can be a driving force for long -term BTC. Many investors consider bitcoin as a means of inflation protection and the continuing depreciation of the dollar. The search for profitability can stimulate more people to investment in BTC.

According to another study by Glassnode, published this month, The new generation of cryptocurrency users adheres to the Hodl strategy and stores BTC after purchase from one to six months. These users came to the industry during the last Bitcoin rally.