Share this article
Bitcoin HODLing Has Never Been More Popular
More BTC than ever has been held for at least a year, according to Glassnode, a potentially bullish sign.
Updated May 24, 2023, 5:23 p.m. Published May 23, 2023, 9:49 p.m.
Investors are hanging onto their bitcoin longer than ever – HODLing in industry parlance – according to data from Glassnode.
The proportion of BTC that’s been held for at least a year has climbed to a record 68%, Glassnode data shows, while 55% of bitcoin has been held for at least two years and 40% for three years.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Many analysts consider it bullish when BTC sits dormant on grounds that investors are choosing to hold on rather than sell. The prevalence of buy-and-hold in crypto contrasts with the long-term shift in U.S. stocks, a market where investors now hold assets for dramatically less time than they used to.
Sean Farrell, head of digital assets research at FundStrat, said that being a long-term holder has tended to get more popular over time. The exception is when markets get frothy and investors who bought dips sell their older coins to eager buyers.
“The trend is bullish insofar it means that higher prices are ahead in this cycle and any reticence to sell from current HODLers could result in a mini-supply squeeze,” said Farrell.
He added that looking at long-term holder supply metrics is not necessarily useful for short-term price signals.
Long-Term-Holder Supply, which Glassnode deems as coins held for longer than 155 days, has also seen a new all-time high — reaching 14.46 million bitcoin. “This reflects coins acquired immediately after the FTX failure maturing into long term holder status,” said the report.
Glassnode’s Liveliness metric – which compares the relative balance between HODLing and spending behavior – also shows investors are hanging on. It has fallen to the lowest level since December 2020.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
