Share this article
Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell
Long-term BTC hodlers are less tempted to sell relative to prior bull markets, according to data from Glassnode.
Updated Sep 14, 2021, 12:40 p.m. Published Apr 14, 2021, 5:05 p.m.
Make us preferred on Google
The near two-fold rise in bitcoin (BTC) over the past year has rewarded long-term holders (hodlers) who are still in the accumulation phase. This suggests that, following bitcoin’s break to an all-time high above $63,000, bullish activity is just getting started.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BTC is roughly 3% lower at the time of writing after reaching an all-time high around $64,800. But despite short-term profit taking, the long-term uptrend is intact.
"It is likely that the coins purchased by institutions in late 2020 and early 2021 are starting to mature,” according to a recent report by Glassnode, a cryptocurrency analytics firm. “The HODLer Position Change metric is trending higher and if these institutional buyers did HODL, it is likely to continue in this trajectory over the coming months.”
- Glassnode’s "coin years destroyed" (CYD) metrics track the number of days represented by each hodling "streak" within a 365-day period before that streak ends or is "destroyed." CYD is currently trending higher at a level like the 2013 BTC price top, but still well below the 2017 top.
- “Given the bitcoin network is older, and coins in supply have had more time to accumulate, if many HODLers were spending their coins, we would expect a relatively large CYD reading.”
- In general, HODLers are not spending their old bitcoin, which suggests the current bull market still has legs.
Macroeconomic factors could be a driving force for long-term bitcoin holdings. Many investors see bitcoin as a hedge against inflation and continued dollar debasement. And the search for yield could encourage greater flows into bitcoin.
“We could see flows out of fixed income and into cryptocurrencies as rates rise,” said Mati Greenspan, founder of Quantum Economics, a market analysis and advisory firm, during an interview with CoinDesk. This could usher in a new generation of HODLers seeking high-yield potential.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
XRP drops 4% as traders watch whether $1.88 support holds
Price stabilizes near recent lows after a volatile pullback from above $2.
What to know:
- XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
- Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
- XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.
Top Stories
