Bitcoin's Blockchain Data Offers Evidence of Continued Investor HODLing During Bear Market

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Bitcoin's 'HODL Waves' indicator shows that the percentage of unspent transaction outputs (UTXOs) older than five years has increased by 17% in the last six months. Chart of the Day explains the data, presented by cryptocom:

Bitcoin's HODL Waves, indicator created by Unchain Capital and tracked by Glassnode, shows that the percentage of unspent transaction outputs older than five years has increased by 17% in the past six months, a sign that some investors are maintaining their coin stash during the market swoon.

 

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