The number of hodlers is constantly growing, thanks to which the market becomes more matured. This statement was made by analysts at Glassnode Insights, who published data on the movement of BTC tokens, which beautifully show that a huge number of tokens have been inactive for almost 155 days. This means that these coins have not made any movement for more than 5 months and therefore the communities of people (hodlers) hold them securely on their wallets. This is great news for all cryptocurrency fans, as it is one of the main ways to show the world that cryptocurrencies are gradually becoming more matured. The more hodlers there are on the market, the more stable the price will be, thanks to which we will no longer witness a drop in 40% of the value in one day, as it was in the past.
In the analysis from Glassnode, we also came across the chart above. It may not tell you anything, but it is this chart that tells us how market traders behave in the context of holding cryptocurrencies. We can see that a huge number of tokens have been inactive for quite some time, and since April 8, we can even see that more tokens have started to be held than how many tokens have been sold. Thanks to that, this week we are at a 6-month maximum of 96.5k maturing BTC / month.
The HODL community is constantly growing, and if nothing changes in this trend, it could potentially attract new large institutions. After all, It is the huge volatility of cryptocurrencies that keeps big institutions away from crypto as such.
