60% Of Bitcoins Have Not Been Traded In More Than A Year

60% Of Bitcoins Have Not Been Traded In More Than A Year

The bulk of Bitcoins has not been transferred in at least a year, according to on-chain data. Despite Bitcoin’s terrible performance, crypto investors are clinging to their BTC. Long-term investors are increasing their BTC exposure or maintaining it. At the time of writing, more than 60% of all Bitcoins had not moved in the previous year.

As per Glassnode’s HODL Waves indicator, 60.61 percent of the BTC pool has not been transferred in more than a year as of Feb. 18. One way for analyzing dormant Bitcoins has been to classify them according to how long they have been idle. This data technique, known as “HODL Waves,” was developed by Austin.