The percentage of BTC’s last active supply for more than one year has reached a record high

According to the report, according to the data of Glssnode, the percentage of supply of BTC that has been active for more than one year has just reached a record high of 66.974%.

Interpretation of this information:

The latest report from Glassnode reveals that the percentage of Bitcoin (BTC) supply that has remained active for over a year has hit its all-time high of 66.974%. In other words, there has been a significant uptick in long-term hodlers of BTC.

This is particularly noteworthy, as it comes despite Bitcoin’s price volatility and the many fluctuations the cryptocurrency market has witnessed lately. This indicates that investors are holding on to their BTC assets for the long haul, and remain bullish about the future prospects of the digital asset.

Bitcoin adoption has been steadily increasing around the globe, and it’s important to note that long-term hodlers typically comprise a large segment of the cryptocurrency owner base. These investors believe in the long-term viability and value of bitcoin, and see it as a store of value and a hedge against inflation. They are not fazed by short-term price fluctuations, and their propensity to hold on to BTC investments for extended periods indicates trust in Bitcoin’s resilience, even amidst market turbulence.

Moreover, the report notes that in the past, as the percentage of long-term holders rose, there were corresponding rises in the price and overall value of Bitcoin. This suggests that the continued increase in long-term hodlers of BTC could correspond to a surge in BTC price in the near future.

It’s also worth noting that the surge in long-term holders could have come from institutional investors, corporates, and high net-worth individuals who have shown more interest in Bitcoin of late. These investors, usually more patient with their investment decisions, are placing more bets on Bitcoin and other cryptocurrencies, signaling towards a shift in perception of the cryptocurrency market.

Overall, it is evident that BTC’s long-term prospects continue to look optimistic, despite current market fluctuations. With the percentage of long-term hodlers reaching record heights, this gives us even more reason to remain bullish on the cryptocurrency’s future.