Markets – The Old Warriors Still Stand, and Who Said Age Isn’t Just a Number? 🧓💪
What you might have missed in the grand chessboard:
- 7 to 10-year holders now clutch 8.1% of the supply, reaching a high not seen since the days when flip phones were cool-2019!
- The older crowd-those with coins older than a decade-hold a hefty 17%, proving that the old guard refuses to fade into digital obscurity.
- Meanwhile, the mid-term holders (5 to 7 years), the trendy 2020 kids, are gradually vanishing-like VHS tapes after Netflix arrived-dropping from 10% to a modest 5% since early 2023.
In this digital saga:
Glassnode’s HODL Waves? Think of it as a colorful rainbow of old coins-each band a badge of how long your digital treasure has been hiding in the virtual attic.
The prevailing whiff of doom suggests OG whales-those ancient titans holding coins since the Paleolithic era-are dumping their stacks. Sure, Galaxy threw around 80,000 BTC like confetti at a New Year’s bash, and other whales have been busy. Bitcoin did hit $100,000 last year, probably shocking the old guard into a mini panic sale.
But wait! The data tells a different story-more nuanced than a soap opera. Coins held for 7 to 10 years now make up over 8.1% of the supply, a vintage high since 2019. While the total supply shrinks faster than your patience during a slow Wi-Fi day, this particular older cohort is actually increasing its grip on the market-a sort of digital “Vets’ Club.”
Even more impressive, those with 10+ years of holding sway control about 17%, their power growing like weeds in a neglected garden.
On the other hand, the 5 to 7-year-olds-fresh off the blockchain-have seen their share drop from 10% to a mere 5%. Many of these coins were scooped up during the COVID crash when Bitcoin was a mere $3,000, bought on impulse, and now quietly being let go as if they’re leftovers from a bad buffet.
So, in the grand theatrical of crypto, the old-timers aren’t exactly running for the exits. Sure, some young bucks are cashing out, but the real story is that the venerable coins are still holding strong, like a stubborn old cat refusing to evacuate the sunbeam.
In short? The narrative of old-wallet “firesales” is more fairy tale than fact. The data suggests that the true heirs of the Bitcoin throne are quietly growing older and wiser, even as some mid-term holders go shopping for greener pastures. 😊
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2025-09-03 16:28