« Aucun holder ne souhaite vendre ses jetons BTC ! » : Et voici pourquoi
While the buying pressure remains low at present, there is a noticeable decrease in the eagerness to sell. In fact, dedicated holders are resolute in their decision to tightly hold onto their BTC tokens.
Stop Looking Elsewhere: Bitcoin Investors Reluctant To Sell
Faced with the unanimous agreement among cryptocurrency experts about the end of the bear market, BTC holders remain steadfastly committed to their tokens. They show little enthusiasm for selling, and despite the current situation, their determination is clearly evident. As a result, since August 2022, approximately 13.42 million BTC have peacefully remained in their wallets.
It is quite surprising to notice that 69.2% of the entire supply of bitcoins have remained inactive for over a year. This highlights the strong belief of the holders in the long-term value of Bitcoin, despite the well-known volatility of the cryptocurrency markets.
With the current market capitalization of Bitcoin hovering around 600 billion dollars, the static tokens account for roughly 400 billion dollars. To be more precise, out of the 19.44 million coins in circulation, only 6 million have undergone recent relocation.
Since 2021, which also saw the last bullish market, 55.7% of the total supply has remained unchanged.
Tokens Stay Warm In Their Wallets
At the same time, sellers' loss of momentum has become noticeably evident in recent weeks. In addition to the bitcoin price stagnation, there is also a significant reduction in BTC transfers from a wallet to a crypto exchange platform. Typically, these transactions occur when holders are inclined to sell. This observation further strengthens the commitment of BTC investors to hold onto all of their currencies.
On a weekly basis, this statistic is decreasing and even reaching new lows. In the past 7 days, as reported by Glassnode, only 1,138 tokens have been transferred from a wallet to a reputable crypto exchange platform.
However, these chain movements have not yet had any tangible impacts on the cryptocurrency market. Indeed, at the time of writing, the price of Bitcoin is $29,000. It has maintained remarkable stability for several days now.
Lesson to remember: It seems like the holders have made a decisive decision to retain all of their BTC. However, patience will be required until 2025.
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