The supply of Bitcoin held for more than half a year has reached a record high, according to Glassnode. The metric indicates that the majority of investors that purchased the cryptocurrency more than half a year ago prefer holding onto it, rather than selling it on an already fragile market.
As the provided metrics suggest, the market can currently see a wave-like increase in the holding of the 6 month-10 year supply. The metric could be considered a fundamental change in the behavior of crypto investors that use Bitcoin as a long-term investment.
