Half Of Bitcoin’s Supply Hasn’t Been Moved In Two Years

Half of Bitcoin’s supply hasn’t been moved in two years according to a new report which warns investors of possible volatility and huge price swings in BTC and other cryptocurrencies so let’s read further in the latest Bitcoin news.

According to the latest analysis, more crypto investors are scared for their funds since now half of Bitcoin’s supply hasn’t been moved in two years. There are a few recommendations that the community can make for the new investors since they have already been through a phase like this for a longer period of time. Some of the advice includes not investing more than one can afford to lose and never store assets on an exchange that you trade on, most importantly to ‘’HODL.’’

HODL is the popular acronym for ‘’hold on for dear life’’ which originated back in 2013 on a Bitcointalk forum after a user made a typo for ‘’hold”:

 “You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.”

Currently 42.83% of all circulating BTC has not been moved for at least two years. This has increased by 10.4% in the last year.

via @glassnode pic.twitter.com/UI2Guza0Z7

— Unfolded (@cryptounfolded) April 27, 2020

Bitcoin was in and out of the bear market for more than 2 years and the key indicators show that now is the perfect time to hold. However, because many believe that Bitcoin was in a secular bull market and there was not quite a bear market for the asset, and Bitcoin is really the only option. The data from Glassnode shows that despite Bitcoin has been in a short-term bear market for the past two years and the investors are purchasing into the theory that the number one crypto asset was bullish all along and was holding quite strong for quite some time now.

The data shows that more than half of Bitcoin’s circulating supply hasn’t moved for the past two years which is a number that increased by more than 10 percent as the BTC prices returned to lows that proved to be a way to attract for the investors to go over. The actual circulating supply is basically less because of the early investors that lost private keys and lost access to their funds.