{"id":29304,"date":"2020-09-28T15:20:15","date_gmt":"2020-09-28T12:20:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29304"},"modified":"2025-08-27T16:14:54","modified_gmt":"2025-08-27T13:14:54","slug":"glassnode-on-chain-metrics-point-to-a-rising-number-of-long-term-bitcoin-holders","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/glassnode-on-chain-metrics-point-to-a-rising-number-of-long-term-bitcoin-holders\/","title":{"rendered":"Glassnode: On-chain metrics point to a rising number of long-term Bitcoin holders"},"content":{"rendered":"<p>The number of bitcoins that had remained unmoved for three to five years reached a 22-month high. Data from analytics firm Glassnode show this trend.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Active Supply 3y-5y (1d MA) just reached a 22-month high of 1,689,145.020 BTC<\/p>\n<p>Previous 22-month high of 1,688,961.883 BTC was observed earlier today<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/XSjQIR8ORg\">https:\/\/t.co\/XSjQIR8ORg<\/a> <a href=\"https:\/\/t.co\/lGeHf2Cj3m\">pic.twitter.com\/lGeHf2Cj3m<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1309587376776318977?ref_src=twsrc%5Etfw\">September 25, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to researchers, the number of active wallets fell by 16.1% in 24 hours.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc9 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Number of Active Addresses (2d MA) decreased significantly in the last 24 hours.<\/p>\n<p>Current value is 48,566.375 (down 16.1% from 57,914.583)<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/WsznU7u6Y1\">https:\/\/t.co\/WsznU7u6Y1<\/a> <a href=\"https:\/\/t.co\/ZCRdaL6xuY\">pic.twitter.com\/ZCRdaL6xuY<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1310387617763078145?ref_src=twsrc%5Etfw\">September 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The dynamics of these metrics may point to a growing number of users preferring to hold Bitcoin rather than move it, trade it, or spend coins.<\/p>\n<p>The count of Bitcoin addresses with a balance of at least 1 BTC since September 16 declined from 823,992 to 807,662. Over this period, the number of Bitcoin addresses with a balance of at least 10 BTC increased by 556, to 153,667. The Bitcoin price in the same period rose from $10,800 to $11,800, before retreating to $10,140 and recovering to the current $10,870.<\/p>\n<div id=\"attachment_111499\" style=\"width: 1810px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-111499\" class=\"size-full wp-image-111499\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_1.png\" alt=\"Glassnode: \u043e\u043d\u0447\u0435\u0439\u043d-\u043c\u0435\u0442\u0440\u0438\u043a\u0438 \u0433\u043e\u0432\u043e\u0440\u044f\u0442 \u043e \u0440\u0430\u0441\u0442\u0443\u0449\u0435\u043c \u0447\u0438\u0441\u043b\u0435 \u0434\u043e\u043b\u0433\u043e\u0441\u0440\u043e\u0447\u043d\u044b\u0445 \u0434\u0435\u0440\u0436\u0430\u0442\u0435\u043b\u0435\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_1.png 1800w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_1-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_1-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_1-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_1-1536x864.png 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\" \/><\/p>\n<p id=\"caption-attachment-111499\" class=\"wp-caption-text\">Number of Bitcoin addresses with a balance of at least 1 BTC. Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Addresses&#038;m=addresses.Min1Count&#038;s=1569531600&#038;u=1601240399&#038;zoom=\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Glassnode<\/a>.<\/p>\n<\/div>\n<div id=\"attachment_111500\" style=\"width: 1810px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-111500\" class=\"size-full wp-image-111500\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_10.png\" alt=\"Glassnode: \u043e\u043d\u0447\u0435\u0439\u043d-\u043c\u0435\u0442\u0440\u0438\u043a\u0438 \u0433\u043e\u0432\u043e\u0440\u044f\u0442 \u043e \u0440\u0430\u0441\u0442\u0443\u0449\u0435\u043c \u0447\u0438\u0441\u043b\u0435 \u0434\u043e\u043b\u0433\u043e\u0441\u0440\u043e\u0447\u043d\u044b\u0445 \u0434\u0435\u0440\u0436\u0430\u0442\u0435\u043b\u0435\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_10.png 1800w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_10-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_10-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_10-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode_studio_bitcoin_number_of_addresses_with_balance_-_10-1536x864.png 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\" \/><\/p>\n<p id=\"caption-attachment-111500\" class=\"wp-caption-text\">Number of Bitcoin addresses with a balance of at least 10 BTC. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Addresses&#038;m=addresses.Min10Count&#038;s=1569531600&#038;u=1601240399&#038;zoom=\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Glassnode<\/a>.<\/p>\n<\/div>\n<p>As reported, <a href=\"https:\/\/u1f987.com\/en\/news\/experts-cite-likely-causes-of-declines-in-bitcoin-exchange-balances\">according to<\/a> a number of industry representatives, the recent decline in the total volume of exchange deposits to the lows not seen since November 2018 may be linked to the arrival of a new wave of investors betting on long-term Bitcoin storage.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full stream of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of bitcoins that had remained unmoved for three to five years reached a 22-month high. Data from analytics firm Glassnode show this trend.<\/p>\n","protected":false},"author":1,"featured_media":29305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1273],"class_list":["post-29304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-glassnode"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29304"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29304\/revisions"}],"predecessor-version":[{"id":29306,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29304\/revisions\/29306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29305"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}