73% of all bitcoins are hibernating — they have not been used for a long time

According to the information provided by Glassnode, the number of BTC coins that have remained in a stationary state over the past six months has reached 14.9 million, which is estimated at $ 370 billion at the current exchange rate. Interestingly, the historical maximum was recorded in December last year at the level of 15.02 million BTC (after the last BTC is mined, there will be 21 million bitcoins in the world).

Representatives of Arkham Intelligence Corporation believe that such dynamics are due to the fact that large investors have once again focused on obtaining long-term profits within the framework of holding.

Yesterday, February 21, the Bank for International Settlements released information that shows that stable profits from the purchase of digital currencies are mainly generated by crypto kits. They hold a significant amount of coins for a long time, and they have serious experience that allows them to sell off assets before a significant market downturn.

According to the BIS, most BTC buyers entered the market during the recent bull run, when the price was quite high. For the most part, these investors sold their assets at a loss.