Bitcoin: Why Hodling Your Bitcoins Is the Best Option Right Now

Journalist

• Long-term Bitcoin investors have made profits on their stocks.
• BTC is still above $43,000 despite the declines.

The value of Bitcoin is increasing [BTC] Certain holders who seek stability are not affected by the volatility of the market. How was their performance with their holdings?

Bitcoins are held by different age groups

According to analysis by Glassnode, Bitcoin owners of all ages have shown a strong commitment to preserving their assets.

The data showed that 69.6% of holders in this age group retained their position for a year. For the two-year group the value is 56.4%.

The analysis also showed that 43.5% and 31.5% of holders were aged three years.

It is also notable that supply in these age groups remains below its all-time high.

Bitcoin’s performance over different MVRV periods

All MVRVs were above zero. Analysis of MVRV metrics showed that all MVRVs analyzed were above zero.

The 365-day MVRV was approximately 25.4% at the time of writing. This meant that the holders of these assets held their assets at a profit of more than 25%.

This band has been profitable since August 2023. It peaked in December when it rose to 51%.

Source: Santiment

Furthermore, at the time of writing, the MVRV was around 39% for two years. It has been above the MVRV for a year, peaking at over 55% in January.

Similarly, the three-year MVRV, which was around 21% at the time of writing, exceeded zero in October and reached Beginning January peaked at around 34%.

Source: Santiment

The 5 year MVRV is around 38% as of the date of this article. It also rose above zero in October and reached a peak of around 54% in January.

Overall, the MVRV analysis suggests that Bitcoin holders held their assets at profitable conditions over different periods of time.

Source: Santiment

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BTC is above the neutral line

The Bitcoin chart on the daily time frame showed that the coin was able to maintain its $43,000 range. At the time of writing, the transaction price was around $43,000, down less than 1%.

It also remained slightly above neutral on its relative strength index.