- BTC holdings are on the rise.
- 60% of the BTC are completely untouched for more than a year.
- Beliefs on BTC to the moon are high.
The Bitcoin (BTC) never fails to amaze us. Though currently BTC is quite low, trading only around $40K, yet BTC makes another new record evidently. Accordingly, statistics reveal that about 60% of the BTC currently are on holdings upon wallets safe for more than a year.
In spite of this, it’s very clear that most of the BTC owners are actually holding their BTCs. The fact is that these 60% BTCs have been completely dormant for about more than a year.
Behind the BTC Holdings
BTC never fails a day to make it to the headlines. Despite tragic downfalls for the past few days, BTC still is evidently low. Touching down to less than $40K, the same continues even for today.
Currently, BTC trades for a price of $39,993, with the graphs completely low at 0.33%, taking the past 24 hours into consideration.
Besides all this, the year 2022, has indeed brought a new tag line for the king of cryptos. Yes, the BTC is now being classified as a highly volatile and unstable asset. Though the entire crypto market is as so, however, BTc takes the major blame for all the volatility. This is due to the fact that most altcoins follow the same leads of that of BTC. If BTC fails, so does the entire majority of the altcoin market too.
With certain research upon predominant exchanges and trade platforms such as the Binance, analysts have come out with the more than a year holdings of BTC accounts to 60%. Despite all this, even the poor performance of BTC till date for the year 2022, there arises only one possibility.
The belief on BTC is quite high and the owners are indeed quite confident that BTC will soar again, even reaching a massive $100K. Hopes are evidently high, in spite of all the year long holdings and the volatility.
