Bitcoin HODLers Rise at Record Rate: Santiment

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Crypto market information platform Santiment suggested that the number of bitcoin investors turning into long-term holders has increased recently.

Additionally, Glassnode has determined that over 50% of all BTC in circulation has not moved in the past two years.

Nearly 45 million HODLers

As analyzed by Santiment, the total number of individuals and entities holding bitcoin long-term has soared to nearly 45 million, and the numbers have grown at the fastest rate since the start of 2021 (from January 2021 to April 2021).

It’s worth mentioning that BTC was in the middle of a bull run at the time, starting the year at around $30,000 and surging above $64,000 a few months later. At the end of April 2021, there were around 38 million HODLers, while currently the number is heading towards 45 million.

Another chart indicating that many traders prefer to keep their stash intact was presented by crypto analytics platform Glassnode. It showed that an all-time high (53%) of bitcoin supply was last active more than two years ago.

Bitcoin supply has been active for over 2 years, source: Glassnode

Additionally, nearly 30% of all BTC in circulation (over $155 billion in market capitalization) has not moved in the past five years, while less than 15% was active a decade ago for the last time.

Anthony Pompliano, an American entrepreneur and host of The Pomp Podcast, shared the data on his Twitter account and argued that more than 2.7 million BTC are lost, forgotten or in the hands of the world’s most disciplined investors.

The bear market presented opportunities

Although the prolonged crypto winter has caused significant damage to many organizations and triggered a severe market decline, it has also presented investors with the opportunity to increase their exposure to bitcoin at relatively lower costs.

As CryptoPotato recently reported, addresses containing more than 1 BTC have soared to almost 1 million. The sharp increase occurred mainly between the summer of 2021 and the start of 2023.

In fact, the numbers skyrocketed shortly after cryptocurrency exchange FTX crashed. The number of addresses with more than one BTC was below 927,000 on November 11 (when the platform filed for bankruptcy) and nearly 970,000 a month later.

At the time of the collapse, the main digital asset had fallen below $16,000. However, it seems that dedicated investors who entered the long-term ecosystem saw the event as a great opportunity to rack up more sats.

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