Bitcoin's Long-Term Holders Remain Resolute Despite 165% Gains
• Bitcoin buyers from late 2020 bull market now control 16% of supply, refusing to sell despite 165% YTD gains
• Long-term holders (LTHs) who bought between Dec 2020-Dec 2021 now account for over 15% of supply, up from 8% in Dec 2022
• LTHs demonstrating resilience, with 1-year HODL wave "hardly budging" as seasoned investors remain entrenched
• Short-term holders (STHs) upped profit-taking after $40K breach, selling off $4.5B BTC amid spot market resilience
• LTHs controlled over 76% of Bitcoin supply as of early Dec, just below all-time highs, as speculators take a back seat