RATE Group | Bitcoin hodl waves indicate 60% of the cryptocurrency is being hoarded – analysts sugges…
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Bitcoin hodl waves indicate 60% of the cryptocurrency is being hoarded – analysts sugges…

30 May Bitcoin hodl waves indicate 60% of the cryptocurrency is being hoarded – analysts sugges…

Posted at 07:08h in Bitcoin News by

  • Bitcoin ‘hodl’ (holding) levels have reached 2016 levels, according to crypto analysts.
  • According to trends, these ‘significant hodling’ levels were seen just before the $20,000 bull run in 2017.
  • Support from well known hedge fund manager Paul Tudor Jones could also be one of the reasons behind Bitcoin seeing significant hodling activity.
  • In the last three months, the value of Bitcoin has increased by more than 80% after the massive 37% single-day crash on March 12.

Bitcoin, the most popular cryptocurrency, likely has a massive bull run in the offing. According to Bitcoin analysts, there has been ‘significant hodling’ activity in the cryptocurrency reaching 2016 levels when the Bitcoin-US Dollar exchange rate reached $20,000.

What is hodling?


According to Bitcoin analyst Phillip Swift, 60% of all the Bitcoin (BTC) available has not moved in the last one year – essentially, this 60% of the cryptocurrency has not been traded at all. This is known as ‘hodling’ –…

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