Bitcoin HODLers are growing at a record pace: Santiment

Bitcoin HODLers are growing at a record pace: Santiment

Crypto market intelligence platform Santiment suggested that the number of Bitcoin investors becoming long-term holders has skyrocketed recently.

Additionally, Glassnode found that more than 50% of all BTC in circulation has not moved in the past two years.

Almost 45 million HODLers

As analyzed by Santiment, the total number of individuals and organizations holding Bitcoin for the long term has risen to almost 45 million, and the numbers have increased so quickly since the beginning of 2021 (from January 2021 to April 2021).

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

Another chart indicating that many traders prefer to leave their stash untouched was presented by crypto analysis platform Glassnode. It revealed that an all-time high (53%) of Bitcoin supply was last active more than two years ago.

Bitcoin Supply last active more than 2 years ago, Glassnode

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

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

The bear market presented opportunities

While the ongoing crypto winter caused significant damage to numerous organizations and triggered a severe market decline, it also provided investors with an opportunity to increase their exposure to Bitcoin at a relatively lower cost.

AsCryptoPotatolatelyreported, addresses with over 1 BTC have increased to almost a million. The sharp increase occurred mainly between summer 2021 and early 2023.

In fact, the numbers shot up shortly after cryptocurrency exchange FTX crashed. The number of addresses with more than 1 BTC was less than 927,000 on November 11 (when the platform filed for bankruptcy) and almost 970,000 a month later.

At the time of the meltdown, the leading digital asset fell below $16,000. However, it seems that dedicated investors who have entered the ecosystem for the long term saw the event as a great opportunity to stack more sats.

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