Santiment, a crypto market intelligence platform, has reported a spike in the number of bitcoin investors transitioning into long-term holders.
Glassnode, on the other hand, stated that over 50% of circulating BTC has not moved in the past two years.
Almost 45 Million HODLers
Santiment’s analysis revealed that the total number of individuals and entities holding bitcoin for the long haul has almost reached 45 million, growing at the fastest rate since early 2021. Around April 2021, when BTC was experiencing a bull run, there were roughly 38 million HODLers. Presently, the number is approaching 45 million.
Additionally, crypto analysis platform Glassnode presented a chart indicating that an all-time high of 53% of bitcoin’s supply was last active more than two years ago.
Furthermore, over 30% of circulating BTC (worth over $155 billion in market capitalization) has been inactive in the last five years, while less than 15% has been active ten years ago.
Anthony Pompliano, an American entrepreneur and host of The Pomp Podcast, shared the data on his Twitter account and argued that over 2.7 million BTC might be «lost, forgotten, or in the hands of the most disciplined investors in the world.»
The Bear Market As A Chance
The extended crypto winter caused the collapse of many organizations and triggered a severe market decline. However, it also created opportunities for investors to increase their bitcoin exposure at relatively lower costs.
As CryptoPotato recently reported, the number of addresses holding over 1 BTC surged to nearly a million, mainly between the summer of 2021 and the beginning of 2023.
The figures soared shortly after the FTX cryptocurrency exchange crash. The number of addresses with over 1 BTC was less than 927,000 on November 11, when the platform filed for bankruptcy protection, and almost 970,000 a month later.
When the leading digital asset fell below $16,000, persistent investors who have entered the ecosystem for the long haul saw this event as an excellent opportunity to increase their sats.
