{"id":566100,"date":"2024-08-19T09:43:36","date_gmt":"2024-08-19T09:43:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=566100"},"modified":"2024-08-19T07:26:43","modified_gmt":"2024-08-19T07:26:43","slug":"74-of-bitcoin-stays-put-for-6-months-as-investors-bet-on-long-term-value-despite-price-drop","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/74-of-bitcoin-stays-put-for-6-months-as-investors-bet-on-long-term-value-despite-price-drop","title":{"rendered":"74% Of Bitcoin Stays Put For 6 Months As Investors Bet On Long-Term Value Despite Price Drop"},"content":{"rendered":"

About 74% of Bitcoin<\/span><\/a> (BTC) hasn’t moved in over six months, despite a 21% drop from its all-time high, as investors increasingly view it as a long-term store of value.<\/p>\n

Just a week ago, on-chain data from Glassnode showed that around 45% of BTC’s supply had been dormant for at least six months. <\/span><\/p>\n

The amount of stationary BTC has since <\/span>risen<\/span><\/a> to over 70%.<\/span><\/p>\n

\"Short-term<\/p>\n

Short-Term Holders Are Currently Under Water<\/span><\/h2>\n

Following BTC’s correction after reaching its new all-time high, analyst James Check noted that more than 80% of short-term Bitcoin investors, who are investors that have held BTC for less than 155 days, are currently in the red. <\/span><\/p>\n

This is because many short-term holders acquired BTC at rates higher than its current price.<\/span><\/p>\n

\n

Right now, over 80% of #Bitcoin<\/a> Short-Term Holders are underwater, meaning their coin was acquired at a price above the current spot price.<\/p>\n

This is similar to 2018, 2019, and mid-2021 which signalled many investors were at risk of panicking, and precipitating a bearish trend. pic.twitter.com\/8jM7PBqh5z<\/a><\/p>\n

— _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) August 19, 2024<\/a><\/p><\/blockquote>\n