A Surge in Long-Term Holders Amid Market Uncertainty

Despite price fluctuations, Bitcoin’s dedicated investor base remains unshaken. Recent data reveals that long-term holders are in it for the long haul, marking an all-time high in unwavering commitment to the cryptocurrency.

Holders Sticking Around

According to recent data from Bitfinex, Bitcoin’s investor landscape has shown remarkable resilience. An astounding 40% of the cryptocurrency has remained stagnant in investor portfolios for over three years, setting an unprecedented record in loyalty among Bitcoin holders.

Velocity: The Slowdown Indicator

This commitment is further illustrated by Bitcoin’s stagnating supply at the $26,000 mark. When assessing the overall BTC price trend, there’s been a noticeable absence of fluctuations for several consecutive months. This stability reflects in the coin’s velocity — a measure of how actively BTC units are moving around the network. With decreased activity, it becomes evident that the motivation to either buy or sell Bitcoin has diminished among its holders.

Trading Volume Speaks Volumes

On August 12, the trading volume of Bitcoin plummeted to a mere 112,317 BTC. This low hasn’t been seen since November 10, 2018. However, this hasn’t deterred the long-term investors. Despite facing a billion-dollar shakeout recently, their continued accumulation of Bitcoin suggests an unwavering bullish outlook. The current market lull doesn’t seem to concern the seasoned investors, reaffirming their belief in Bitcoin’s long-term potential.

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