{"id":135801,"date":"2024-08-19T17:00:19","date_gmt":"2024-08-19T14:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135801"},"modified":"2024-08-19T14:27:30","modified_gmt":"2024-08-19T11:27:30","slug":"bitcoin-supply-shrinks-as-holders-refuse-to-sell","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-supply-shrinks-as-holders-refuse-to-sell\/","title":{"rendered":"Bitcoin Supply Shrinks as Holders Refuse to Sell"},"content":{"rendered":"

Glassnode\u2019s hodl wave chart, which analyzes blockchain activity, indicates that nearly three-quarters of Bitcoin<\/a><\/strong> has remained in wallets throughout 2024, even though the cryptocurrency\u2019s value has dropped by 21% from its highest point.<\/p>\n

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This trend suggests that many long-term investors are holding onto their Bitcoin, likely expecting future price increases.<\/p>\n

Such behavior reduces the amount of Bitcoin available for trading, potentially driving prices up as demand grows and supply diminishes.<\/p>\n