On-chain data shows that spending from Bitcoin long-term holders has spiked recently. Here’s how the current levels compare with the 2021 bull run.
Bitcoin 1+ Years Coins Have Been On The Move Recently
According to data from the on-chain analytics firm Glassnode, old hands have spent $295 million worth of the asset in recent days. The relevant indicator here is the “revived supply last active 1+ years,” which measures the total amount of tokens (in USD) that Bitcoin investors holding since at least one year ago are transferring/moving on the blockchain right now.
The 1+ years group forms a segment of a larger cohort: the “long-term holders” (LTHs). The LTHs include all investors who bought their coins more than 155 days ago. Therefore, the 1+ years group includes the more experienced investors even among the LTHs.
Generally, the longer an investor holds onto their coins, the less likely they become to sell them at any point. As such, the LTHs usually hold for long periods (he
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