Hodlers Accumulate a Record Amount of BTC

Analysts at Ark Invest have found that long-term investors or so-called hodlers have been buying up bitcoins over the past few months.

They took advantage of the collapse of the BTC rate in the spring and summer of 2022 and accumulated a record amount of cryptocurrency. Currently, hodlers control approximately 13.7 million coins, which is 71.5% of the total supply of Bitcoin.

Ark Invest considers hodlers those investors who hold cryptocurrency for more than 155 days. During the year, the number of such wallets increased by 2.19%.

The large volume of BTC held by hodlers leads to less pressure on the asset, because its supply on the exchanges is reduced.