{"id":7469,"date":"2022-11-03T17:34:42","date_gmt":"2022-11-03T17:34:42","guid":{"rendered":"https:\/\/xcoins.com\/?p=7149"},"modified":"2023-07-05T13:09:52","modified_gmt":"2023-07-05T13:09:52","slug":"the-amount-of-bitcoin-that-hasnt-moved-in-over-a-year-just-hit-an-all-time-high","status":"publish","type":"post","link":"https:\/\/xcoins.com\/en\/blog\/the-amount-of-bitcoin-that-hasnt-moved-in-over-a-year-just-hit-an-all-time-high\/","title":{"rendered":"The Amount of Bitcoin That Hasn\u2019t Moved in Over a Year Just Hit an All-Time High"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.shutterstock.com\/image-illustration\/golden-refined-key-dollar-sign-inserted-1033917982\"><\/a><\/p>\n\n\n\n<p>As of today, 3rd November 2022, the owners of over 65% of all Bitcoin haven\u2019t touched their Bitcoin for over a year!&nbsp;<\/p>\n\n\n\n<p>Is there a chance that bitcoin hoarders know something you don\u2019t and are anticipating a bullish price explosion?&nbsp;&nbsp;<\/p>\n\n\n\n<p>According to an <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1588112683026583553\">alert<\/a> today from blockchain analytics firm Glassnode, 66.47% of Bitcoin\u2019s entire supply has remained dormant in crypto wallets over the last year \u2013 making no activity whatsoever. That\u2019s a new all-time high!<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/BPehswj38iwp2-u-SLiNQ1-bbNDca0yVym_K2XKx9b9sgCHwEJE3a5gkTH1zjV4TQ037K4WNERcdWII79S9aARqnkkBN2_D4nQlNdD6uQ_ppUuhpQ4Gvo71SO3utOIxOp-YgZmz9tO2pzMop2tTJIdhuojlGsMm762KlStvw06Qe5zMY9pH5jcxxQnwdWw\" alt=\"BTC last active over 1 year ago, graph from Glassnode representing little activity in Bitcoin market due to HODLing\"\/><\/figure>\n\n\n\n<p><em>The amount of Bitcoin inactive for over a year today hit an all time high. Graph via Glassnode.<\/em><\/p>\n\n\n\n<p>These bitcoin owners are <a href=\"https:\/\/xcoins.com\/en\/blog\/what-does-hodl-mean-and-how-can-you-profit-from-it\/\">HODLing<\/a> their assets unyielding to ongoing market fluctuations.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Ufxe0dUW7IddpOCshvO-O0606t4ddtoSO3zviXIUxuD0jEhcXiDeHwL204qGHLtuI7ljgQYcloxPndvBcc8miJVWFDK7F5xvsuBG54QIFMzvLEMUqpoz0FFKUACR0gA-V0Uqrz6G5o1mqtv0mo-3RhL9-wLjRcNvPcbyjn7nmwb4nbMfCj-8jv-a9W6fPQ\" alt=\"BTC holdlwaves, graph from lookintobitcoin representing activity in Bitcoin market over time\"\/><\/figure>\n\n\n\n<p><em>\u2018Hodlwaves\u2019 showing the proportion of bitcoin remaining inactive through various time windows. Via Lookintobitcoin.com.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-crypto-winter-thawing\"><strong>Crypto winter thawing&nbsp;<\/strong><\/h2>\n\n\n\n<p>It\u2019s been a tough few months for cryptocurrencies following the price slump that saw Bitcoin shed 70% of its value from its all-time-high price of $69,000.&nbsp;<\/p>\n\n\n\n<p>The recent bullish price action is rekindling hope among crypto enthusiasts that the crypto winter could be thawing. With the huge price swings experienced so far this year, the fact that HODLers have kept over 65% of all bitcoin dormant throughout demonstrates record-high confidence in Bitcoin as a store of value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-backing-of-history\"><strong>The backing of history<\/strong><\/h2>\n\n\n\n<p>Why would anyone buy bitcoin given the current rocky state of global financial markets? Bitcoin is an emerging long-term investor\u2019s dream that has shown the potential to rise and fall by 80% in a year, but has consistently trended upwards over the long-term.<\/p>\n\n\n\n<p>HODLers have the backing of history, HODLing through the bottom of a bear market typically portends a substantial return on investment and removes the risk of trying to time the market by <a href=\"https:\/\/xcoins.com\/en\/blog\/when-is-the-right-time-to-buy-bitcoin\/\">actively trading<\/a> and risking their position.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-as-digital-gold\"><strong>Bitcoin as digital gold&nbsp;<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"535\" src=\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/02\/fb-btc-gold-1024x535.jpg\" alt=\"A golden Bitcoin in front of a black and gold background\" class=\"wp-image-3273\" srcset=\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/02\/fb-btc-gold-1024x535.jpg 1024w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/02\/fb-btc-gold-300x157.jpg 300w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/02\/fb-btc-gold-115x60.jpg 115w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/02\/fb-btc-gold.jpg 1200w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/02\/fb-btc-gold-300x157@2x.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.shutterstock.com\/image-photo\/coin-bitcoin-next-pieces-gold-1061523428\"><\/a>The ongoing HODLing of bitcoin is an exceedingly bullish sign for the cryptocurrency market. Instead of trading their BTC holdings, most bitcoin holders are hoarding their crypto assets in anticipation of higher prices in the future.&nbsp;<\/p>\n\n\n\n<p>Erhan Korhaliller, the organizer of Istanbul Blockchain Week, observed earlier this year:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>&nbsp;\u201cThe fact that 60% of Bitcoin hasn\u2019t moved from wallets in a year is confirmation that Bitcoin is seen as <a href=\"https:\/\/xcoins.com\/en\/blog\/why-gold-was-the-global-asset-of-choice-throughout-history-and-why-thats-changing\/\">digital gold.<\/a>\u201d&nbsp;<\/p><\/blockquote><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-clear-sign-of-confidence\"><strong>A clear sign of confidence<\/strong><\/h2>\n\n\n\n<p>No matter what happens in the near term, HODLing bitcoin is a bullish sign for Bitcoin as the laws of supply and demand dictate that less supply of an asset ultimately helps create a higher price.&nbsp;<\/p>\n\n\n\n<p>The fact that an ever-increasing number of investors won\u2019t sell their Bitcoin holdings despite heavy market volatility is a clear sign of their confidence in its inherent value. HODLers would have let go of their assets if they believed they would lose value.&nbsp;<\/p>\n\n\n\n<p>For an asset that\u2019s overall supply is becoming increasingly illiquid, a spike in buyer interest could create a supply squeeze and an associated price hike as was recently seen in the case of <a href=\"https:\/\/xcoins.com\/en\/blog\/what-does-the-gamestop-saga-mean-for-crypto\/\">GameStop<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-unseen-illiquid-supply-shock\"><strong>Unseen Illiquid Supply shock&nbsp;<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/j_neureuter\/status\/1586734687225094144\">Data<\/a> from analytics firm Coin Metrics recently confirmed that only 33.7% of Bitcoin\u2019s <a href=\"https:\/\/xcoins.com\/en\/blog\/how-many-bitcoins-are-there-and-how-does-it-affect-you\/\">total supply<\/a> moved between wallets since the end of October 2021, which is an all-time low.&nbsp;<\/p>\n\n\n\n<p>There\u2019s every chance that if we see a sudden spike in demand, the market could experience an illiquid supply shock with illiquid bitcoin at levels unseen since Bitcoin\u2019s last halving cycle in 2017.&nbsp;&nbsp;<\/p>\n\n\n\n<p>As the next <a href=\"https:\/\/xcoins.com\/en\/blog\/the-four-phases-of-the-bitcoin-market-cycle\/\">halving cycle<\/a> edges ever closer, and bitcoin liquidity grows ever-lower, it could be a great time to take advantage of low prices before the next price surge.<\/p>\n\n\n\n<p>As always, this article does not constitute financial advice and you should be sure to do your own research and consult a professional financial advisor before making any investment decision.<\/p>\n\n\n\n<p><br><em>To stay up to date on all things crypto, like Xcoins on <\/em><a href=\"https:\/\/www.facebook.com\/xcoinsofficial\"><em>Facebook<\/em><\/a><em>, and follow us on <\/em><a href=\"https:\/\/twitter.com\/realxcoins\"><em>Twitter<\/em><\/a><em>, <\/em><a href=\"https:\/\/www.instagram.com\/xcoins.hq\/\"><em>Instagram<\/em><\/a><em>, and <\/em><a href=\"https:\/\/www.linkedin.com\/company\/54161996\/\"><em>LinkedIn<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of today, 3rd November 2022, the owners of over 65% of all Bitcoin haven\u2019t touched their Bitcoin for over [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":7470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739,740],"tags":[],"class_list":["post-7469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news-2","category-market-analysis-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Hasn\u2019t Moved in Over a Year Hit an All-Time High I 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