Data from Glassnode show early Bitcoin buyers aren't much interested in selling their coins, in spite of established price records and an all-time high in 2021.
Related: 76% of Bitcoin addresses remain in profit
Activity movements tracker indicates that the percentage of bitcoins sold by old holders is near record lows. This means that the majority of investors prefer to hold their BTC over several years.Glassnode's data is based on the measure called CDD (Coin Days Destroyed). It gives more weight to coins that haven't been spent for a long time.
According to CDD, every day when an asset remains unspent, it accumulates one "coin day". In the case of the holder spending the coin, the coin days are nulled.Earlier, Wall Street Journal reported that recent research found out that about 0.01% of BTC holders control 27% (18.9 M) of the circulating supply. At the moment 90.6% of Bitcoin's max supply is in circulation. The coin trades at about $49.000, 28.94% down from its all-time high of $68.789 reached on November 10, 2021.