Data analysis by blockchain analysis company Glassnode shows that the group of Bitcoin holders who have held for 6 months or less currently owns about 3 million BTC, equivalent to 15% of the total circulating supply, the lowest percentage ever .
It is reported that the last time the indicator hit a low point occurred in the 2015 bear market, when the figure was about 17%, but in the more than two years since then, the price of Bitcoin has risen from $200 to $20,000.
Analysis shows that the group of Bitcoin holders who have held for 6 months or less typically proliferates during two key events, a bull market when long-term investors invest and withdraw during market strength, and capitulation and selling During this period, widespread market panic will cause users who have held coins for a short period of time to re-enter the circulation.