With the recent performance of Bitcoin, the asset has shown excellent resilience and optimism despite the regulatory turbulence. Notably, similar feelings have been traced from the recent behaviour of investors wherein they have shown larger positivity for the asset.
According to recent data retrieved from Glassnode, an on-chain analytics firm, the number of Bitcoin addresses holding 0.1+ coins have been on a consistent increase. Data suggests that the number of such addresses have reached an all-time high.
As evident in the graph, the number of addresses with more than 0.1 coins have been recorded at 4,436,539, marking the ATH value. Notably, the figures are increasing on a daily basis and mark a jump from 4,436,305 observed on Tuesday.
Simultaneously, it is worth noting Bitcoin’s “10. year supply last active” cohort has continued to show resilience. Analysts suggest that this cohort has been continuously making new highs as a sign of hope and trust in the asset.
Data suggests that currently the number of such coins which were last active 10 years ago have reached at all-time high at 2,891,206.251 Bitcoins. Notably, these coins are under the holding of investors who gained the asset in the early stages and stayed hopeful for it despite all the hostilities that the market witnessed.
It is also worth noting that the long term holders are currently dominating the market leading a largely bullish trail for the asset. As reported by Todayq News, the Bitcoin’s “2 year supply last active” cohort has also been one of the most resilient.
Reportedly, the cohort has been continuously making new highs as a sign of hope and trust in the asset and stood strong at 56% around 2 weeks ago. Additionally, the investors have been also been largely optimistic towards the asset with their increased hodling behaviour.
Notably, the market is also maintaining its calm with historic low volatility rates recorded at present. As of writing, Bitcoin is trading at $29,534.10, over a 1.68% increase over the past 5 days