27. September 2023

Bitcoin Holders Show Unflinching Loyalty with Record Highs

• Bitcoin holders are taking their funds off centralized exchanges, keeping their holdings as the supply keeps leaving.
• Data from blockchain analytics firm Glassnode shows that bitcoin addresses holding a minimum of 0.01 BTC and 1 BTC have reached all-time highs.
• The percent of BTC supply last moved five or more years ago is also at an all-time high of 27.466%.

The world of cryptocurrency has seen some highs and lows over the past few years, but one thing that has remained consistent is the trust and loyalty of Bitcoin holders. Despite a rough year in 2022, more and more people are taking their funds off centralized exchanges, and not selling their Bitcoin.

Glassnode, a blockchain analytics firm, has reported that the number of Bitcoin addresses holding a minimum of 0.01 BTC is at an all-time high of 11,464,621. Similarly, addresses holding at least 1 BTC have also reached an all-time high of 981,290. These figures show that people are still interested in investing in Bitcoin and are not afraid to hold onto their funds for a long period of time.

The data also reveals that the percentage of BTC supply last moved five or more years ago is at an all-time high of 27.466%. This indicates that people have faith in the cryptocurrency and are not looking to cash out anytime soon. There is also a new all-time high of 2,606,573.215 BTC for the amount of supply last active at least 10 years ago. This is a further testament to the loyalty of Bitcoin holders. Lastly, the percent of Bitcoin’s supply last active two or more years ago is also at an all-time high of 48.09%.

The recent fall of FTX had a lasting impact on the market and caused many to question the trustworthiness of centralized cryptocurrency service providers. However, the data points to the fact that people are still holding onto their Bitcoin and are not looking to sell anytime soon. This is a good sign for the future of the cryptocurrency and its prospects of becoming an accepted form of currency.