More than 40% of Bitcoin Has Been Dormant for the Past Six Months
Publication Time:2024-08-14 17:12:05
Recently, the cryptocurrency analysis platform Glassnode published a report highlighting that, between November last year and May this year, the dynamic of the global Bitcoin market showed that more than 40% of Bitcoin was in wallets without any transaction activity, essentially in a dormant state. This phenomenon reflects the existence of a group of investors with different views on Bitcoin's value and trading strategies within the market. Some investors choose to hold their coins for a long time or wait for the right moment before making transactions again. It is worth noting that during this period, Bitcoin experienced significant price fluctuations, following a pullback from its historical peak, eventually stabilizing.
Market Volatility
Bitcoin
Wallet Dormancy
Investor Cautiousness