Long-term bitcoin traders appear to be not selling despite their all-time highs in 2021, while nervous freshmen have been reaping profits along the way.
According to Unchained Capital’s Hodlwaves chart – which visually shows the time since the last time BTC wallets were in Active on the chainIn 2021, there has been an increase in both long-term and short-term activity.
The graph shows that the number of currencies moved in the past 30 to 90 days is at their highest level since 2018. These titles represent over 15% and are currently the largest segment of BTC wallets.
Bitcoin wallets that have been inactive for between three and five years are currently the second largest segment, accounting for 13.5% of all titles. These portfolios also expanded steadily in number during 2021, with spectators To speculate The data may reflect a large number of BTC bag-holders who Purchased during the 2017 season And hold throughout the entire bear’s direction.
While the share of portfolios that have been inactive in five to ten years appears to have shrunk over the past year, the number of titles that have been inactive for at least a decade has risen from roughly 1.7% two years ago to 10.7% today.
On March 11, chief technology officer and co-founder of Crypto Analytics Glassnode on the chain, Rafael Schultz Kraft, shared data that revealed the number of portfolios that had not been active in the past three years or more steadily since late December.
1+ year cheats: Sell
More than 2 years from scammers: sell
Over 3 years of swindler aka “have been in a bull market before and know how this works”: sats stack# Bitcoin
Raphael Schultz Kraft (@ n3ocortex) March 10, 2021
However, data shows that the share of Bitcoin wallets that have been inactive for at least 12 months has fallen from a record high of nearly 65% in January to 55% today, with nearly half of Bitcoin wallets active in the past year.