Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.
Around three-quarters of all circulating Bitcoin hasn’t been moved for the past six months or more, according to onchain data.
The findings come from Glassnode’s Hodl Wave chart, which uses blockchain data to give a macro view of Bitcoin (BTC) held in wallets based on the age since they last moved.
It’s a significant jump from only a week ago, on Aug. 11, when onchain analytics platform Glassnode data showed that almost half the BTC supply, around 45%, had been dormant for at least six months.
