Aug 7, 2023

According to data from Glassnode, long-term bitcoin holders now hold almost 14.6 million BTC, which equates to 75% of the circulating supply, and is the highest value for the benchmark so far.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at today's chart of the day. There's a new all time high metric for Bitcoin glass. Not data shows that long term Bitcoin holders now hold 14.599 million Bitcoin, which equates to 75% of circulating supply. The highest value ever seen long term Bitcoin holders are defined as addresses that have held coins for at least five months glass not says this kind of address huddles, meaning that it's unlikely that they will spend the ballots kept in these addresses has increased by a collective $1.3 billion in the past seven days. This new data suggests that huddling is the preferred market dynamic amongst mature investors. That's it for the chart of the day today. I'm Jen Senai and we'll see you next time to unpack more of the data behind top news stories.

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