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December 3, 2021
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Bitcoin

Bitcoins acquired for US 20,000 remain in hodl even with ATHs

Regardless of the robust features and equally robust corrections in 2021, those who entered the market or increased their positions in or after November 2020 are refusing to sell.

The HODL waves, which observe the distribution by periods of unspent transaction outputs (UTXOs), show that the availability managed by these Six- to twelve-month hodlers increased – from 8.7% initially in June to 21.4% on November 17.

At the same time, the cash held for several years has decreased only slightly, highlighting that the modest sale has taken place and that, except for the six to twelve month group, the determination of buyers remains firm.

The information underscores speculation that few Bitcoin owners intend to promote at current prices as these hit all-time highs (ATH).

The distribution of money by long-term holders, a basic attribute of the peak phases of the bull market, has already started. The last time this happened was also in November of last year.

The bull market, “however, has methods to follow”

In the meantime, additional numbers that track the “oldest” Bitcoin also indicate that the oldest Bitcoin Hodls will continue to occupy a safe place.

According twitter from the analyst, William Clemente:

Seeing dormancy move so low at the moment means the older money remains relatively dormant.

Continued:

This bull market for Bitcoin, however, has methods to go with the metric.

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