Analytics provider Glassnode is reporting that current on-chain indicators suggest the Bitcoin bull market may be entering into its later stages. In its March 22 Week on Chain report, on-chain analytics provider Glassnode noted a decline in the number of Bitcoin whales despite consistent accumulation from wallets holding 1 BTC or less since March 2018. “The persistent accumulation of small holders demonstrates a willingness to HODL through volatility with the trend unbroken from mid-2018 through the chaos of 2020,” the report noted. Whale addresses holding over 100 BTC have been relatively flat by comparison, with the group currently holding 62.6% …

Bitcoin’s (BTC) liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months. According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of Bitcoin’s supply circulating within the preceeding six months. In bull markets old coins tend to move more. This increases the relative supply of younger coins in the network. At previous $BTC tops, around 50% of the #Bitcoin supply was younger than 6 months. We are currently significantly below this level (36%).https://t.co/D40RJ5FlAA pic.twitter.com/OIOnnChpk0 — glassnode (@glassnode) March …

It has been 37 days since Tesla announced its $1.5 billion Bitcoin (BTC) purchase in a filing with the United States Securities and Exchange Commission. The exact BTC purchase size was not revealed in the document, but with Bitcoin trading between $29,000 and $37,000 in January, Tesla’s $1.5 billion outlay could mean the company holds at least 40,000 BTC. Based on these speculative figures and the Bitcoin price increase since the end of January, Tesla’s 40,000 BTC minimum is now worth $2.2 billion. This figure translates to $700 million in unrealized profit. Thus, Tesla is sitting on close to $19 …

According to research by on-chain analytics provider, Glassnode, 95% of the Bitcoin changing hands last was last moved less than three months ago on the blockchain. Glassnode’s March 15 The Week On-Chain report found that just 5% of spent outputs are more than 90 days old, indicating the vast majority of BTC moving on-chain are “young coins.” Other data from Glassnode has found that addresses that have been hodling BTC for at least three years have significantly increased their holdings over the past six to 12 months, while short-term holders have been taking profits since the start of 2020. Glassnode …

Though investing in crypto has the potential to radically change someone’s financial situation, one HODLer is saying their actions may have actually saved someone’s life. In a Reddit post under the r/Cryptocurrency subreddit on Tuesday, a United Kingdom-based user claimed that advice they gave to a university acquaintance two years ago resulted in that person’s father being able to receive critical treatment for lung cancer. “I met a guy in the library who was looking for a particular book on cryptocurrency, I can’t remember what it was but I’m sure it was cryptocurrency for dummies or something similar,” said the …

Though Lily Knight may not yet be old enough to spell "cryptocurrency," she’s already taking people to school when it comes to Bitcoin. In a prerecorded video message — because it was past her bedtime — for virtual attendees at the Women of the Future crypto and blockchain conference on Monday, Lily offered some innocent enthusiasm for Bitcoin (BTC) to kick off International Women’s Day. The three-year-old, touted as the "world's leading cryptocurrency expert in the toddler space," was the youngest speaker at the virtual event. "I’ve been a HODLer all my life," Lily said while bobbing her head from …

Not everyone is excited about hyperbitcoinization. According to a popular copy/paste meme, Bitcoin hodlers are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially and financially. At best forced to become servants to the new upper class. At worst executed for crimes against the #Bitcoin empire. — The Crypto Dog (@TheCryptoDog) January 2, 2021 The meme is part of a larger vision for Bitcoin’s future, a semi-serious but mostly tongue-in-cheek narrative that can be lumped under the “Bitcoin Citadels” umbrella: …

Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell. The latest data from Bitcoin financial services firm Unchained Capital shows that 2017 buyers control an increasingly large amount of the BTC supply. 2017 hodlers are not "weak hands" According to Unchained’s HODL Waves chart, which ranks the supply according to when coins last moved, those who bought three to five years ago are sitting on their investment. Since the cross-asset crash of March 2020, when BTC/USD fell to lows of …

Elon Musk’s child with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public crypto users on record. In a tweet today from the Tesla CEO, Musk said his 9-month-old son is now the proud — or maybe just fussy — owner of some Dogecoin (DOGE), referring to him as a "toddler HODLer." The boy, born last May, is named X Æ A-Xii — pronounced “ex ash eh twelve” — with the last two syllables an homage to Lockheed’s A-12 aircraft. Bought some Dogecoin for lil X, so he can be a toddler hodler — …

Jumping on the r/Wallstreetbets subreddit for an "ask me anything" session recently, Dallas Mavericks owner Mark Cuban shared his thoughts on GameStop shorts, general investing and various crypto-related topics. The billionaire said “the game is changing” when it comes to stocks but encouraged the Redditors to look at Bitcoin (BTC) investors for guidance. “BTC HODLers are a great example to follow,” said Cuban. “Many bought at the highs in 2017 and watched it fall by 2/3 or more. But they held on because they believed in the asset. The same applies to stocks. When I buy a stock I make …

The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC) as a long-term investment. The “2021 Global Crypto User Index” report is based on a global survey that includes input from more than 61,000 crypto users across 178 countries and regions. The survey was conducted over a period from Sept. 15 to Oct. 25, 2020. According to Binance Research’s findings, the majority of respondents were …

The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000. Only seven addresses conducted a transfer out of the wallet since the most recent all-time-high on January 10. Of the addresses that have transacted in the last 30 days, only eight of them have more than ten transactions to their name since December 12. Perhaps surprisingly, many of the largest addresses are …