Bitcoin Holdings Surge: 3 to 5 Year Investors Control 11.9% of Total Supply Amid Selling Pressure

COINOTAG reported on June 2nd that according to Glassnode, long-term Bitcoin investors—specifically those holding for a period of three to five years—reached ownership of 15.7% of the total Bitcoin supply on November 9, 2024. This figure marks the highest level since March 2017. Following this peak, these investors began to liquidate portions of their holdings, temporarily halting sales before resuming them in April 2025. Currently, their stake stands at 11.9%, indicating ongoing selling pressure but still significantly higher than the approximately 3% low recorded during past cycles. The Bitcoin Realized Cap HODL Waves illustrate how wealth distribution among holders varies by investment duration. Notably, the group holding for three to five years retains considerable assets and typically capitalizes on price surges. The recent decrease in selling activity suggests that selling pressure may soon diminish, though the 12% held by this cohort indicates many anticipate further price appreciation.