BTC’s last active supply for more than 2 years reached a record high

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than two years has just reached a record high of 51.081%.

Interpretation of this information:

The recent report from Glssnode highlights a significant increase in the percentage of supply of Bitcoin (BTC) that has been active for more than two years. The data shows that the number has spiked to a record high of 51.081%, indicating a rising trend in hodling Bitcoin for longer periods of time.

While the fluctuations in the cryptocurrency market are common, this report indicates a shift in the trading behavior of BTC investors. Hodling, a term used by Bitcoin enthusiasts to describe holding onto the cryptocurrency for a longer period, has become increasingly popular. This approach signifies a growing belief in the Bitcoin market’s potential and its long-term worth.

As the economy of the world continues to be unstable, Bitcoin has emerged as a dependable alternative investment. Given the inflationary pressures and the volatility of fiat currencies, long-term investors increasingly prefer Bitcoin to hedge against their downside risks. This preference is reflected in the data presented in the report, which reveals that many investors are holding on to their BTC holdings for long-term gains rather than selling them off at regular intervals.

Moreover, the recent surge in the percentage of supply of Bitcoin that has been active for over two years could be attributed to the market’s bullish sentiments. The BTC price has been rallying in recent months, leading to increased investments and trades in the cryptocurrency market. The positive price trend has also made it easier for Bitcoin investors to hold on to their assets for a more extended period.

In conclusion, the Glssnode report highlights the growing trend of hodling among Bitcoin investors. The increase in percentage of Bitcoin supply held for more than two years suggests that investors are becoming more confident in the long-term potential of the cryptocurrency market. The data also indicates a shift away from the traditional trading patterns of cryptocurrencies. The three keywords to summarize the content are: Bitcoin, hodling, and long-term investment.