A recent study found that a number of Bitcoin (BTC) investors who made purchases in 2017 have yet to sell their assets.
Similarly, investors who made purchases and additions to assets on or after November 2020, reportedly refused to sell them even though 2021 saw the price of Bitcoin jump to higher levels.
Metrics from Hodl Waves reveal some details about Bitcoin holdings for the past 6-12 months:
Assets transferred for the last time over the past 6-12 months are now a large part of the BTC supply.
The time distribution of unspent transaction output (UTXO) shows that supply controlled by these hodlers increased from 8.7% in early June to 21.41% in 19 November.
However for a number of assets ‘stored’ over a number of years saw a slight decline, indicating a modest sale, and these hodlers were an exception.
It may be that this observation signals that some BTC investors will make a sale even at the time of writing it is trading at $ 56,856.
Indirectly, high selling rates also indicate bullish will start soon, a similar pattern was observed in November 2020.
Meanwhile, the ‘old’ BTC showed no movement. As explained by a recent analyst, trend growth (Bitcoin market value/annual growth volume) remains low around the all-time high for the BTC/USD pair.
If flow growth increases, it indicates the ‘old’ BTC has been sold. If the flow is low, the ‘stored’ assets remain unspent.
What about you? Still hodl or already selling it?
