Nervous newbies are taking profits while long-term BTC investors hodl strong

Longtime bitcoin followers don’t seem to be selling despite all-time highs in 2021, while nervous newcomers are taking profits.

According to Unchained Capital’s Hodlwaves chart, which graphically shows the time since the last activity in BTC portfolios on the blockchain, there is an increase in both long- and short-term activity in 2021.

Hodleways: Honesty unleashed

The chart shows the number of coins that have moved in the last 30 to 90 days, at the highest level since 2018. These addresses account for more than 15% and are currently the largest segment of BTC portfolios.

Bitcoin wallets that have been inactive for three to five years now make up the second largest segment, with 13.5% of all addresses. These portfolios have continued to grow steadily through 2021, with observers speculating that the data may reflect the large number of BTC portfolio holders who bought during the 2017 season and held onto them during the downtrend.

While the percentage of portfolios that have been inactive for five to 10 years appears to have declined over the past year, the number of addresses that have been inactive for at least 10 years has increased from about 1.7% two years ago to 10.7% today.

On the eleventh. In March, Rafael Schulze-Kraft, CTO and co-founder of Glassnode, a company that analyzes cryptocurrencies on the blockchain, shared data that showed the number of wallets that have been inactive for three years or more has been steadily increasing since late December.

Year 1+ Hodler : Sale of
year 2+ Hodler : Sellers of
year 3+ aka Hodler have been in a bull market before and know how it works : Stacking Sats#Bitcoin

Chart: https://t.co/7VRnyrWbaD pic.twitter.com/MsnZptKxGF

– Rafael Schulze-Kraft (@n3ocortex) March 10, 2021

However, the data shows that the percentage of bitcoin wallets that have been inactive for at least 12 months has dropped from a record high of nearly 65% in January to 55% today, with nearly half of bitcoin wallets having been active in the past year.

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