45% of Bitcoin Supply Has Not Move Amid Market Volatility

Bittime - Based on data from blockchain analytics company Glass node, more than 45% of Bitcoin supply has not moved in the last 6 months. This represents a long-term Bitcoin investment amidst market volatility.

Hold Bitcoin for the Long Term

Sumber: Glassnode from Cointelegrah.com

The data above shows that even though Bitcoin reached ATH a few months ago, many investors actually increased their holdings. 

Long-Term Holders (LTH), apparently choose not to sell Bitcoin even though Bitcoin prices are reaching their peak.

Even, 45% of the entire Bitcoin supply has remained immobile in digital wallets for at least the last 6 months. This means that even though Bitcoin experienced significant price volatility, most investors chose to remain calm and did not sell the asset.

Read Also: Potential Bitcoin Price Increase If Stablecoin Issuance Increases!

Hold Bitcoin Amidst Volatility

Glass node also shows that during periods when Bitcoin reaches ATH and market volatility increases, large amounts of Bitcoin are allocated by long-term holders to the market. 

However, recent data shows that many of them prefer to hold on to their assets, indicating a strong belief in Bitcoin's long-term potential.

Market Dynamics and Their Impact on Bitcoin

The crypto market is always influenced by various factors, including selling pressure from investors and changes in global financial policies. In August, the Bitcoin market experienced a significant decline. 

However, optimism still exists among some investors who see potential benefits from global financial easing policies.

The Fear and Greed Index, which measures market sentiment, shows that uncertainty still dominates the crypto asset market. However, some traders are optimistic about a potential increase in the global money supply as an opportunity for Bitcoin to strengthen.

Read Also: Buy the Dip Strategy Becomes the Choice of Spot Bitcoin ETF Investors

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.