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40 million wallets are hodling Bitcoin



Even without a price rally, Bitcoin continues to set records. The price of the largest cryptocurrency, Bitcoin, has recently moved sideways. After falling from around $ 65,000 to $ 59,000, it even fell to below $ 56,000. No need to panic - at least that's what many analysts and experts say. It is important that Bitcoin does not fall below the 50,000 dollar mark. The numbers now at least show that Bitcoin continues to gain in value - at least from a fundamental point of view.

40 million wallets are hodling Bitcoin

According to the days of into the block, there are now more than 40 million Bitcoin wallets that hold BTC. This value has been increasing for years. But above all, when there were price losses, a sell-off could always be determined. However, this is currently not the case. The number of long-term hodlers (over a year) is therefore 23 million.

Over the past year, the number of long-term investors has increased by around ten percent. This is particularly important because it means that the supply of BTC is decreasing. With increasing demand, this automatically leads to a higher Bitcoin rate in the long term.

After all the BTC rate can rise again slightly

Even if Bitcoin is currently more convincing with other values ​​than with the pure price, recovery can also be observed here. Bitcoin, for example, has seen an increase from $ 55,900 to around $ 58,500. As a result of the increase, BTC is again approaching the 60,000 dollar mark.

Analysts see it as extremely important that the $ 60,000 mark is broken again to prevent another setback. Some experts expect a bigger Bitcoin rally by Christmas. Meanwhile, stocks on the crypto exchanges could further heat up the price. Because here the exchanges regularly register a larger outflow than an inflow of BTC. The supply-demand model described above also applies here.

By the way: 90 percent of Bitcoin investors are in the black - that is also an unbelievable figure.

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