Long-term bitcoin traders do not appear to be selling despite their full-time highs in 2021, while nervous beginners earn along the way.
According to Hodlwave’s Unchained Capital chart, which graphically shows the time since the last activity of the BTC portfolios in the chain, there has been an increase in both long-term and short-term activity in 2021.
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The graph shows that the number of currencies that have moved in the last 30-90 days is at its highest level since 2018. These names make up over 15% and are currently the largest segment of BTC wallets.
Bitcoin wallets, which have been inactive for three to five years, are currently the second largest segment with 13.5% of all denominations. These wallets grew steadily in number through 2021 as viewers expect the data to reflect the large number of BTC luggage holders they purchased in the 2017 season and continued through the downward trend.
While the proportion of portfolios that have been inactive for five to ten years seems to have declined in the last year, the number of titles that have been inactive for at least ten years has grown from about 1.7% two years ago to 10. 7% Today.
On March 11, CTO and co-founder of Crypto Analytics Glassnode on the network, Rafael Schultz Kraft, shared data showing the number of portfolios that have not been active in the last three years, or more consistently since the end of December.
However, data show that the proportion of bitcoin wallets that have been inactive for at least 12 months fell from record highs of almost 65% in January to 55% today, with almost half of bitcoin wallets active in the past year.