Bitcoin’s Price Is Rising, But Data Shows No One Wants To Sell

RELATED READING | BULLISH FOR BITCOIN: BTC SUPPLY SLOWLY SHIFTS FROM WHALES TOWARD SMALLER ENTITIES It allows analysts to dig deeper into the asset’s fundamentals and rely less solely on technical analysis for price action. Analysts look at metrics like hash rate, difficulty, the number of addresses, how often BTC gets moved, and other key factors to get a read on the asset’s overall state of health.

One metric looking at Bitcoin that hasn’t moved over the last two years shows that more and more investors are holding BTC, despite prices rising. According to well-known Bitcoin researcher Charles Edwards, creator of tools like the Hash Ribbons, Energy Value, and other BTC-related fundamental tools, the number of addresses holding BTC for two years or more continues to climb.

Timeline of Bitcoin