- According to data published by IntoTheBlock, these loyal holders own an astonishing 13.44 million BTC, which represents a significant value.
- At the time of writing this report, BTC’s total circulating supply was over 19.4 million, with a market value exceeding $500 billion.
- As shown by the Santiment chart, despite ongoing price fluctuations, the number of Bitcoin holders has seen a notable increase.
Bitcoin Price Nears $26,000; Despite a rocky start to the week, BTC’s investor base continues to grow! Current On-Chain data!
Bitcoin Investors Continue to HODL
Recently, the price of Bitcoin has been fluctuating between $27,000 and $30,000. During this period of price volatility, both observers and long-term BTC holders have witnessed efforts by the cryptocurrency to break out of this range. Despite these price challenges, some loyal holders have preferred to hold their BTC assets.
According to data published by IntoTheBlock, these loyal holders own an astonishing 13.44 million BTC, representing a significant value of approximately $355 billion. Furthermore, their collective holdings account for a significant percentage of the circulating supply, approximately 69%.
Moreover, the data indicates that BTC’s total circulating supply is currently over 19.4 million, with a market value exceeding $500 billion.
Bitcoin MVRV Ratio Analysis
Santiment’s data revealed two different levels of profitability among long-term Bitcoin holders.
When looking at the 180-day Market Value to Realized Value (MVRV) ratio, it is evident that holders in this time frame have held their assets with losses. The graph shows a value significantly below the zero line, particularly at -5.9%.
On the other hand, the 360-day MVRV Ratio presented a more optimistic outlook, indicating that holders in this category have more profitable assets. At the time of writing, the graph reflects an approximate 6%, signaling a positive outlook for long-term Bitcoin holders.
BTC Holders Continue to Increase
As shown in the Santiment chart, despite ongoing price fluctuations, the number of Bitcoin holders has seen a notable increase.
Currently, the total number of Bitcoin holders is nearly around 50 million, representing significant growth compared to approximately 43 million holders recorded in January at the beginning of the year.
At the time of writing, Bitcoin’s price is hovering around $26,075, reflecting a minor decrease of nearly 1%. Looking at the daily timeframe chart, it is clear that Bitcoin experienced a slightly more than 1% decrease over the weekend.
