Bitcoin Newbies Are Evolving Into Long-Term HODLers As BTC Accumulation Phase Begins.
10 Mar 2022, 08:00
Bitcoin Newbies Are Evolving Into Long-Term HODLers As BTC Accumulation Phase Begins
According to data provided by the blockchain analytics company CryptoQuant, many fresh Bitcoin investors are evolving into long-term HODLers, inclining to hold their BTC stash for a more extended period.
The market capitalization for addresses with BTC holdings of more than 6 months equals 53% at the moment. In contrast, it was only 13% at the peak of the BTC cycle. Thus, many newcomers regard their BTC holdings as a strategic asset that may provide them with further prospects for preserving their funds.