Bitcoin HODL Waves: 2020 bull market buyers now control 16% of supply

Bitcoin buyers from the past cycle are more stubborn than ever before, data shows, even after 165% year-to-date BTC price gains.

Bitcoin (BTC) has gained a new generatio of “hodler” in the past three years as stubborn investors refuse to sell.

Data from the popular HODL Waves metric shows that those who bought Bitcoin in late 2020 are still sitting on their coins.

Bitcoin’s longer-term investor cohorts, also known as long-term holders (LTHs), are in no mood to decrease their exposure despite the 2023 bull run.

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