According to a new report from ivibitpay.com, only 3.5 million bitcoins (18% of the current 18.7 million coins) are used for trading. Those. most of the current issue is held for long term.
At the same time, approximately 61% of existing BTC are held by users who have never sold more than 24% of the coins they have ever received. Ivibitpay analysts have classified this group as investors with long-term investment plans (HODL).
Another 21% of the current offer of bitcoins did not move for six years or more, this group of wallets was classified as lost BTC.
The remainder is used for trading and movements between cryptocurrency exchanges. And it is precisely these bitcoins, according to experts, that determine the current market price.