78% of Bitcoin's circulating supply is in the hands of long term holders. That is more than 15 million coins! This is good for crypto and for us.

As of today, 78% of the circulating supply of Bitcoin is in the hands of long-term holders. This means that more than 15 million coins have not been moved for at least six months.

You can see the graph, made with Glassnode by James V. Straten, below, with Bitcoin's price in black and the percentage of circulating supply in the hands of long-term holders in blue. As the graph shows, over time, more and more Bitcoin are being HODLd and every new bull cycle a new peak is made.

https://preview.redd.it/a6nhkk3r7qka1.png?1800&format=png&auto=webp&s=9a8c12e9925b66f64cfb87cef39948f127758b3f

That so much of the supply resides with long-term holders is a great sign. Historically, a new peak of Bitcoin's circulating supply is made just before or during a significant rally. I highlighted these periods in red below. This happened in 2013, 2014, 2016, 2017, 2019, and 2020/2021.

https://preview.redd.it/8dwq8gg29qka1.png?1796&format=png&auto=webp&s=91c9da89461309100cf25ab4b2ce1f7f02f0aa89