InfoNesia.xyz – Those among bitcoin holders that can stomach the current volatility are keeping onto their bags, on a large scale. Data provided by on-chain analytics firm, Glassnode, shows that earlier today, the percentage of bitcoin’s supply last active five or more years ago reached an all-time high of 25.873%. This indicates that long-term bitcoin users started accumulating bitcoin on a large scale.
A difficult-to-determine portion of those wallets are most likely inaccessible due to lost keys, but it is not unlikely that the near-totality of those funds are accessible but their owners decided to hold onto them. The reason is that while the current volatility appears impressive to new investors, it is hardly noticeable to those who entered the market five years ago.