According to @glassnode HODL waves, 3.3m #Bitcoin or 17.87% of circluting supply hasn’t been moved for over 7 years. pic.twitter.com/SEctpBlkkg
— unfolded. (@cryptounfolded) March 2, 2021

$115,441.00
-2.19%$3,622.90
1.62%$3.07
1.15%$761.20
0.86%$177.36
-3.16%$0.999902
-0.00%$0.227066
-1.21%$3,613.08
1.69%$0.315507
3.62%$0.794224
1.91%$115,383.00
-2.09%$4,369.47
1.63%$42.27
0.05%$0.4146
0.65%$3.64
0.45%$17.47
-0.64%$3,927.75
2.67%$524.52
4.82%$3,878.25
1.87%$0.236735
0.09%$23.12
0.21%$111.62
2.07%$8.96
-0.38%$3,619.56
1.62%$0.00001334
0.32%$3.10
0.13%$0.999894
-0.00%$0.999661
-0.08%$1.003
0.29%$43.25
-1.34%$115,397.00
-2.18%$3.94
-0.94%$9.97
1.29%$323.71
3.04%$0.00001204
-1.65%$4.44
-2.56%$285.84
1.17%$0.128884
6.64%$1.19
0.00%$407.45
-1.90%$0.439987
-0.78%$21.88
0.07%$2.67
1.07%$0.502036
14.00%$0.996632
1.84%$4.64
1.83%$5.39
-0.05%$47.54
-1.14%$215.47
-3.24%$0.00003446
2.04%$0.09677
-1.10%$0.739204
-1.64%$1.00
0.00%$0.03743742
-5.80%$0.255961
0.51%$0.999414
-0.08%$3,645.81
2.58%$0.423525
1.31%$0.02458033
1.85%$4.59
0.88%$3.99
1.46%$17.34
1.07%$0.228138
2.33%$1.12
1.13%$9.76
0.18%$4.50
-0.10%$0.71619
-2.20%$0.315107
1.24%$188.16
-3.52%$0.082694
1.98%$2.55
0.52%$1.06
0.01%$118.56
1.61%$4,124.39
1.58%$115,087.00
-2.05%$3,792.55
1.79%$1.73
-0.04%$0.529603
-2.51%$0.02255487
2.36%$4.98
-1.08%$5.22
1.91%$11.97
-1.03%$0.99985
0.01%$0.997959
-0.02%$0.086315
4.58%$1.014
6.75%$3,805.59
1.52%$1.00
-0.13%$1.34
-4.79%$3,872.55
1.29%$1.32
1.36%$1.83
1.97%$3,910.86
1.32%$13.28
0.29%$1.00
-0.03%$0.00012602
2.01%$3,807.80
1.55%$0.756544
-3.91%$0.682475
2.73%$115,011.00
-2.28%$199.17
-3.21%$0.325918
-0.87%$1.03
-3.44%$0.536483
0.30%$764.29
1.19%$1.005
0.49%$0.10052
-0.23%$1.51
-2.51%$1.06
1.14%$3,363.88
-0.53%$0.360179
-4.55%$0.160468
0.84%$115,407.00
-2.10%$27.47
0.96%$1.11
-0.00%$2.62
1.58%$116,077.00
-1.99%$0.850524
-1.70%$0.173236
1.04%$231.82
-3.23%$0.556597
-1.48%$0.00246944
-17.57%$3,612.92
1.83%$0.999338
-0.02%$0.83904
-1.11%$3,347.75
-0.84%$0.01650988
-0.65%$3,623.74
1.62%$0.198536
0.10%$9.71
-10.00%$2.90
-0.93%$3,872.48
1.87%$0.01688537
-0.10%$0.872173
-1.19%$3,753.88
1.23%$0.293707
0.55%$0.591977
24.68%$4.28
0.41%$0.122599
-0.08%$111.92
0.01%$1.93
-2.97%$1.092
0.21%$0.998708
-0.07%$0.999796
-0.02%$0.00000067
-0.57%$115,132.00
-2.35%$39.53
-0.46%$0.396104
-0.42%$3,618.75
1.58%$0.369609
-16.49%$3.27
-1.78%$0.008723
1.36%$1.87
2.39%$0.596448
10.22%$0.304866
0.84%$0.420717
-2.09%$0.227642
-1.66%$0.997644
0.01%$3,847.97
1.43%$116,174.00
-0.96%$0.999797
-0.01%$27.97
2.35%$0.00000142
0.82%$115,318.00
-2.28%$0.542106
-1.41%$3,618.62
1.53%$1.00
-0.01%$0.00584771
-6.39%$0.074739
1.22%$0.053733
0.99%$0.01531918
-2.96%$3,994.73
1.66%$0.638119
0.87%$1.44
2.51%$42.08
-0.24%$0.995674
-0.36%$0.00831616
-0.02%$3,944.20
1.09%$0.402493
0.35%$1.16
0.01%$7.23
1.01%$1.11
2.91%$0.60932
1.75%$0.00000046
2.63%$0.12744
2.27%$6.36
-0.55%$15.70
-1.75%$47.18
-0.39%$4,379.95
1.67%$3,633.99
2.36%$0.959278
3.84%$0.0000217
0.34%$10.76
0.01%$0.170684
0.85%$0.39059
-0.53%$0.999903
-0.00%$0.415412
16.36%$3,619.95
1.58%$7.28
2.09%$0.198367
-6.49%$2.48
0.67%$0.99867
0.15%$1.094
-0.01%$1.008
0.21%$1.29
1.25%$4.94
5.83%$0.00784172
4.50%$13.52
0.80%$0.04053533
0.27%$0.999859
-0.00%$0.053887
1.32%$41.87
0.13%$23.10
0.19%$0.081688
3.47%$0.271245
-0.02%$141.43
0.97%$0.55728
-1.70%$193.87
-3.39%$0.03717294
2.53%$1.32
-0.60%$28.09
0.12%$22.02
0.29%$0.01879697
4.12%$0.544794
0.07%$0.00357858
2.37%$0.358174
-2.19%$0.134848
0.33%$0.03286612
4.34%$0.00504277
4.23%$114,349.00
-2.23%$0.759081
0.92%$0.00006125
1.30%$0.00396145
6.80%$115,292.00
-2.25%$0.735231
0.86%$0.227766
2.10%$0.787281
1.81%$0.00384686
0.87%$0.999749
0.02%$0.00000076
0.86%$0.318326
5.91%$3,798.79
1.50%$1.31
-2.35%$4,077.33
1.41%$0.998061
-0.03%$1.004
0.65%$0.760542
1.48%$0.00338092
0.14%Reading
A significant chunk of Bitcoin has not moved in over seven years, markets insights platform Unfolded pointed out yesterday, citing data from “HODL Wave,” an indicator by on-chain analytics tool Glassnode.
This indicator tracks the time period between Bitcoin transactions and represents a macro view of how long a given coin is held before it is moved. It's named after a now-popular Bitcointalk post that told forum-goers in 2013 to continue hodling their Bitcoin instead of selling.
The HODL Wave shows more than 3.3 million Bitcoin has not moved in over seven years. That amount is 17.87% of Bitcoin’s circulating supply—and is worth a staggering $160 billion at current market prices.
According to @glassnode HODL waves, 3.3m #Bitcoin or 17.87% of circluting supply hasn’t been moved for over 7 years. pic.twitter.com/SEctpBlkkg
— unfolded. (@cryptounfolded) March 2, 2021
The unmoved Bitcoin is not necessarily “whales”—individuals with a large holding of Bitcoin—that are continuing to hold on to their Bitcoin to sell at better prices. A large number of Bitcoin have, in the past years, been lost in accidents, deaths, and forgotten passwords.
"Many of these early wallets has acquired Bitcoin at such a low value, or mined it and either lost it, forget it, or just cannot access it. Until 2013, Bitcoin was almost seen as monopoly money by many who didn't have the foresight to see what Bitcoin could become," explained Tim Frost, CEO of yield farming tool YIELD App, in a note to Decrypt.
A report last year by analytics firm Chainalysis pegged the lost Bitcoin figure a bit higher—on a slightly shorter timeframe—at almost 3.7 Bitcoin (or 20% of the circulating supply in the past five years). The same report stated that just 3.5 million Bitcoin was traded “actively” in the open market while 11.4 million Bitcoin was held as a “long-term” investment.
However, Frost says that there's always the off-chance that such Bitcoin are suddenly accessed by their owners. "These wallets sit as potential hammers that could drop on the market at any moment," he said.
But it is possible to track that too. Glassnode has another indicators called Coin Days Destroyed that spikes when old Bitcoin is suddenly moved.
As we can see in the chart above, there were many spikes in late 2018 and during 2019 when very old coins moved for the first time in a long time. There has been some heightened activity in 2021 but nothing on the same level.
Former UFC star Ben Askren had been out of the hospital for less than a day before he promoted an apparent crypto scam—a Solana meme coin that “rug pulled” its investors only hours after it launched. The token—dubbed “FUNKY,” Askren’s nickname in both wrestling and professional mixed martial arts—appeared to come as part of a paid promotion through notorious celebrity coin creator Sahil Arora, who has made a name for himself through similar schemes. Since late May, Askren has been battling a se...
A Bitcoin whale on Thursday moved its $469 million crypto fortune after holding it for more than 14 long years, blockchain data shows. The investor—which could be a person or a company—loaded up on Bitcoin back in 2011, data from Arkham Intelligence shows. It then sat virtually unmoved, apart from some tiny transactions, until Thursday morning Eastern Time, when over 3,962.6 BTC was transferred to a new wallet. The latest address had no previous movements, and had not been tagged as an exchang...
After XRP hit a new all-time high earlier this week, the CEO of Ripple warned of scams targeting users of the cryptocurrency. XRP touched $3.65 earlier this week before retreating sharply, logging a 15% pullback over three days, according to data from CoinGecko. Trading volumes remain elevated, with more than $17.4 billion in XRP changing hands over the past 24 hours. Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community -- PLEASE BEWARE of the...