/1
29.1% of Bitcoin hasn't moved in 5+ years.
That's absolutely insane. Think about it...
5 years ago today, Bitcoin was trading at $6,500.
It fell to $3,100 five months later, falling -51%.
Then it ripped back to $13,800 from Dec.’18 to June’19.
BTC fell another -50% in the 2nd half of 2019.
Then it jumped to $10.5k in Q1'20.
COVID happened & BTC fell -63% in one month.
/2
It ripped higher post-COVID, hitting Q1'21 highs of $64k.
Then it fell more than -50% from April'21 - June'21.
It recouped those losses, gaining +139% through Nov.’21.
Over the next 12 months, it fell -77.5%.
Since the Q4 lows, BTC has gained +96% in ~8 months.
/3
Despite all of this, 29.1% of Bitcoin hasn't been moved.
After periods of intense volatility and severe drawdowns, Bitcoin investors didn’t run for the exits when they saw light at the end of the tunnel.
They just held their Bitcoin.
They didn’t sell when they had a chance to recoup their losses.
They just held their Bitcoin.
They didn’t sell when they had a chance to secure massive gains.
They just held their Bitcoin
Must be all those boating accidents
