High levels of bitcoin dormancy
High levels of bitcoin dormancy
Investors are keeping their coins still, with the amount of Bitcoin not budging nearing a new all-time high.

A Decrypt article reporting on research by Glassnode.

  1. Glassnode added in the report that there is “a turning of the cycle and a marked shift in investor behavior patterns.”
  2. such activity has been previously observed in prior bear markets, “potentially signaling a perception that the market is oversold”
  3. Dormant coins actually become “increasingly unlikely to be spent” after a 155-day holding period