An accumulation strategy dominates the investor camp. According to Glassnode, 10.4 million bitcoins haven’t moved anywhere in more than five years.
Meanwhile, the cryptocurrency’s circulating supply is 19.5 million, notes analyst James Straten.
He found that hodlers who purchased bitcoin between five and seven years ago hold 1.8 million coins. Investors who invested in the cryptocurrency between seven and ten years ago control 2.8 million BTC.