Dec 19, 2023

As the year wraps up, HODLing seems to be the preferred dynamic among bitcoin investors, according to Glassnode.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day as the year wraps up. Holing seems to be the preferred dynamic among Bitcoin investors. That's according to glass. No data. This chart shows that more than 70% of the circulating Bitcoin supply has been inactive for over a year. Reflexivity research set in a note to clients recently quote while higher prices will ultimately devise new sellers with Bitcoin up over 100% in the same time period, it appears Bitcoin holders are not planning on offloading inventory at these price levels or any time soon and quote these metrics. However, may not paint an accurate picture once the financialization of Bitcoin through alternative investment vehicles like spot based ETF and cash settled futures pace. For instance, in the ETF case, an issuer with the help of the authorized participant will pull the Cryptocurrency and move it to custody where it sits inactive. However, investors will still take bullish or bearish trades on an exchange through the ETF unit. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack the data behind top news stories.

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