75% OF ALL BITCOIN HAS BEEN HODLED FOR OVER 6 MONTHS

Last updated: June 19, 2025, 20:35 | Written by: Elizabeth Stark

75% Of All Bitcoin Has Been Hodled For Over 6 Months
75% Of All Bitcoin Has Been Hodled For Over 6 Months

In the volatile world of cryptocurrency, where fortunes can be made and lost overnight, one thing has remained remarkably consistent: the unwavering faith of Bitcoin's long-term holders.Recent data paints a compelling picture of this commitment, revealing that approximately 75% of all circulating Bitcoin hasn't moved in over six months. Around three-quarters of all circulating Bitcoin hasn t been moved for the past six months or more, according to onchain data. The findings come from Glassnode s Hodl Wave chart, which uses blockchain data to give a macro view of Bitcoin (BTC) held in wallets based on the age since they last moved. It s a significant jump [ ]This significant percentage, sourced from on-chain analytics platforms like Glassnode, speaks volumes about the prevailing ""HODL"" sentiment within the Bitcoin community.But what exactly does this mean for the future of Bitcoin, and why are so many investors choosing to hold on tight despite market fluctuations?This article delves into the implications of this trend, exploring the motivations behind long-term Bitcoin holding, the potential impact on market dynamics, and what it signifies for the broader cryptocurrency landscape.We'll unpack the data, analyze the underlying sentiment, and consider the long-term ramifications of this powerful HODLing behavior.It's a story of conviction, resilience, and the enduring allure of the world's first and most famous cryptocurrency.

Understanding the ""HODL"" Mentality

The term ""HODL"" originated from a misspelling of ""hold"" in a Bitcoin forum post back in 2013. According to Cointelegraph, a whopping 75% of all Bitcoin has been held onto for more than 6 months. This means that the majority of Bitcoin owners are choosing to hold onto their digital currency for the long term instead of selling it off quickly.It quickly evolved from a typo to a powerful meme and a core philosophy within the crypto community. News that are related to the article cointelegraph.com: 75% of all Bitcoin has been hodled for over 6 months from papers and blogs.It essentially means to hold onto your Bitcoin regardless of market conditions, resisting the urge to sell during price dips.

Why Do People HODL Bitcoin?

Several factors contribute to the HODL mentality:

  • Belief in Long-Term Value: The primary reason people HODL is a strong conviction in Bitcoin's long-term potential. Skip to content. About Us; Markets Menu Toggle. BTC; ETH; BCH; LTC; AAVE; BAND; BAT; COMP; DAI; ENJ; GRT; LINK; MANA; MATIC; OGN; SNX; SUSHIThey see it as a store of value, similar to gold, and believe its price will continue to rise over time.
  • Scarcity: Bitcoin has a fixed supply of 21 million coins. Recent data from Bitcoin Magazine Pro shows a significant trend among Bitcoin holders: nearly 75% of all circulating Bitcoin has remained dormant for over six months. This strong HODLing behavior reflects a steadfast belief in Bitcoin's long-term value, despite market fluctuations. Bitcoin Magazine Pro XThis scarcity makes it an attractive asset for investors seeking protection against inflation and currency devaluation.
  • Decentralization: Bitcoin is decentralized, meaning it's not controlled by any single entity, such as a government or central bank. As much as 75% of the Bitcoin supply has remained dormant over the last six months as hodl sentiment continues to strengthen. 75% of all Bitcoin has been hodled for over 6 months .This appeals to those seeking an alternative to traditional financial systems.
  • Potential for Future Adoption: Many believe that Bitcoin will become increasingly adopted for payments and other financial services in the future, further driving up its value.
  • Tax Implications: Selling Bitcoin can trigger capital gains taxes.Holding for longer periods can sometimes be more tax-efficient, depending on the investor's location and tax bracket.
  • Missing the Boat (FOMO): Some investors HODL out of fear of missing out on potential future gains.They regret not buying more Bitcoin in the past and are determined not to make the same mistake again.

The Significance of 75% Dormancy

The fact that 75% of the Bitcoin supply hasn't moved in over six months is a significant indicator of market sentiment and potential future price movements.

What Does Dormant Bitcoin Imply?

  • Strong Investor Conviction: A high percentage of dormant Bitcoin suggests that a large portion of investors are confident in its long-term prospects and are not easily swayed by short-term price fluctuations.This indicates a mature and stable investor base.
  • Reduced Selling Pressure: When a significant portion of Bitcoin is held for the long term, it reduces the amount of Bitcoin available for trading on exchanges.This reduced supply can lead to increased price volatility, particularly during periods of high demand.
  • Potential for Price Appreciation: If demand for Bitcoin increases while supply remains relatively constant due to HODLing, the price is likely to rise.This supply-demand dynamic is a key driver of Bitcoin's price.
  • Market Stability: While counterintuitive, a high HODL rate can actually contribute to long-term market stability.It reduces the likelihood of panic selling during market downturns, which can exacerbate price drops.

Analyzing the Data: Glassnode's Hodl Waves

On-chain analytics platforms like Glassnode provide valuable data on Bitcoin ownership and activity. Around three-quarters of all circulating Bitcoin hasn t been moved for the past six months or more, according to onchain data. 75% of all Bitcoin has been hodled for over 6 monthsTheir ""Hodl Wave"" charts are particularly useful for understanding the age distribution of Bitcoin supply.These charts show the percentage of Bitcoin that has been dormant for various periods, ranging from days to years.

How Hodl Waves Work

Hodl Waves categorize Bitcoin based on the last time they were moved on the blockchain. Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn t been sold or moved for the last six months. Around three-quarters of all circulating Bitcoin hasn t been moved for the past six months or more, according to onchain data. The findings come from Glassnode s Hodl Wave chart, which usesEach ""wave"" represents a different age band, such as:

  • Less than 1 week
  • 1 week to 1 month
  • 1 month to 3 months
  • 3 months to 6 months
  • 6 months to 1 year
  • 1 year to 2 years
  • 2 years to 3 years
  • 3 years to 5 years
  • 5 years and older

By analyzing the relative size of each wave, we can gain insights into the behavior of different investor groups. Around 75% of all circulating Bitcoin has not moved for over six months, according to onchain data from Glassnode s hodl wave chart. The data shows that even though Bitcoin s price has dropped by 21% from its all-time high, long-term holders have kept their assets unmoved throughout most of 2025.For example, a large wave in the ""6 months to 1 year"" category indicates that a significant amount of Bitcoin has been held for that period.

Interpreting Hodl Wave Data

A rising proportion of older coins (those held for longer periods) generally suggests increasing long-term conviction and reduced selling pressure. 75% of all Bitcoin has been hodled for over 6 months . Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months. 280 Total views Listen to articleConversely, a rising proportion of younger coins may indicate increased trading activity and potential for price volatility.

Bitcoin Price Fluctuations and HODLing

The data reveals that even when Bitcoin's price experiences significant drops, such as the 21% decline from its all-time high mentioned in some reports, the majority of Bitcoin holders remain steadfast in their HODL strategy. 3.0 TV is a news channel which gives you the latest news on blockchain and cryptocurrency on a daily basis which include Bitcoin (BTC), Ethereum, LUNA, USTThis resilience demonstrates the strong conviction of long-term investors.

Why HODLing Persists Through Price Dips

Several factors explain why HODLers remain unfazed by price fluctuations:

  • Dollar-Cost Averaging (DCA): Many long-term investors use DCA, a strategy of buying a fixed amount of Bitcoin at regular intervals, regardless of the price.This helps to smooth out the impact of price volatility and build a larger position over time.
  • Focus on Long-Term Goals: HODLers are typically focused on long-term financial goals, such as retirement or wealth accumulation.They view short-term price fluctuations as noise and remain focused on the bigger picture.
  • Experience and Understanding: Experienced Bitcoin investors have seen numerous price cycles and understand that corrections are a normal part of the market. Reading Time: 1 min read 0. 75% of all Bitcoin has been hodled for over 6 months Cointelegraph Source linkThey are less likely to panic sell during downturns.
  • Belief in Eventual Recovery: HODLers believe that Bitcoin's price will eventually recover and surpass previous highs.They see price dips as opportunities to accumulate more Bitcoin at lower prices.

Impact on Bitcoin's Market Dynamics

The prevalence of HODLing has a significant impact on Bitcoin's market dynamics, influencing its price volatility, liquidity, and overall stability.

Supply Shock Potential

The combination of a fixed supply of 21 million Bitcoin and a high percentage of long-term holders creates the potential for a ""supply shock."" This occurs when demand for Bitcoin suddenly increases, but the available supply remains limited due to HODLing.A supply shock can lead to a rapid and significant price increase.

Reduced Liquidity

When a large portion of Bitcoin is held for the long term, it reduces the liquidity of the market.This means that it can become more difficult to buy or sell large amounts of Bitcoin without significantly impacting the price. 75% of all Bitcoin has been hodled for over 6 months. Story by Cointelegraph By Martin Young 6d. around 45%, had been dormant for at least six months. HoweverReduced liquidity can also lead to increased price volatility, as smaller trading volumes can have a larger impact on the price.

Increased Volatility During Bull Runs

While HODLing can help to stabilize the market during downturns, it can also amplify price increases during bull runs. Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months. 75% of all Bitcoin has been hodled for over 6 monthsAs demand increases, the limited supply of Bitcoin available for trading can lead to rapid price appreciation, creating a ""fear of missing out"" (FOMO) effect and further driving up demand.

The Role of Bitcoin in a Portfolio

Many financial advisors are now recommending that investors allocate a small percentage of their portfolio to Bitcoin as a hedge against inflation and a potential source of high returns.The amount to allocate depends on the investor's risk tolerance, investment goals, and time horizon.

Determining Your Bitcoin Allocation

Here are some factors to consider when determining your Bitcoin allocation:

  • Risk Tolerance: Bitcoin is a volatile asset, so it's important to assess your risk tolerance before investing.If you are risk-averse, you may want to allocate a smaller percentage of your portfolio to Bitcoin.
  • Investment Goals: Consider your investment goals and time horizon. Related: 45% of Bitcoin ($58,016.00 ) supply has not moved in 6 months Research. At the time, broader market sentiment is still bearish, with the Bitcoin ($58,016.00 ) Fear Greed Index registering a score of 28 and fear. Over the past few weeks, it has returned to fear levels not seen since December 2025.If you are investing for the long term, you may be willing to take on more risk in exchange for the potential for higher returns.
  • Financial Situation: Don't invest more than you can afford to lose. BTCUSD Bitcoin 75% of all Bitcoin has been hodled for over 6 months Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.Bitcoin is a speculative asset, and its price can fluctuate significantly.
  • Diversification: Diversify your portfolio across different asset classes, such as stocks, bonds, and real estate.This can help to reduce your overall risk.

Common Questions About HODLing Bitcoin

Is HODLing Always the Best Strategy?

While HODLing has proven to be a successful strategy for many Bitcoin investors, it's not always the best approach for everyone. Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn t been sold or moved for the last six months. Around three-quarters of all circulating Bitcoin hasn t been moved for the past six months or more, according to onchain data.Some investors may prefer to trade Bitcoin actively, taking advantage of short-term price fluctuations. 75% of all Bitcoin has been hodled for over 6 monthsThe best strategy depends on the individual investor's goals, risk tolerance, and time horizon.

When Should You Sell Your Bitcoin?

There are several reasons why you might consider selling your Bitcoin:

  • To Realize Profits: If you have achieved your investment goals, you may want to sell some of your Bitcoin to realize profits.
  • To Rebalance Your Portfolio: If your Bitcoin allocation has become too large relative to your other assets, you may want to sell some to rebalance your portfolio.
  • To Cover Expenses: If you need to raise cash to cover unexpected expenses, you may need to sell some of your Bitcoin.
  • If You No Longer Believe in Bitcoin: If your views on Bitcoin have changed, you may want to sell your holdings.

What are the Risks of HODLing?

While HODLing can be a rewarding strategy, it also carries risks:

  • Price Volatility: Bitcoin's price can fluctuate significantly, and you could lose money if you sell your Bitcoin at a lower price than you bought it for.
  • Loss of Access: If you lose your private keys, you could lose access to your Bitcoin.
  • Security Risks: Bitcoin exchanges and wallets are vulnerable to hacking and theft.
  • Regulatory Risks: Bitcoin is subject to regulatory uncertainty, and changes in regulations could negatively impact its price.

The Future of Bitcoin HODLing

The trend of long-term Bitcoin holding is likely to continue as more investors recognize its potential as a store of value and a hedge against inflation.As the Bitcoin market matures and adoption increases, the HODL mentality is likely to become even more entrenched.

Potential Catalysts for Increased HODLing

Several factors could further encourage long-term Bitcoin holding:

  • Institutional Adoption: As more institutional investors, such as hedge funds and pension funds, allocate capital to Bitcoin, it will further legitimize the asset class and encourage more investors to HODL.
  • Increased Regulatory Clarity: Clear and consistent regulations will reduce uncertainty and make it easier for institutions and individuals to invest in Bitcoin.
  • Growing Awareness of Inflation: As inflation becomes a greater concern, more investors will seek out Bitcoin as a store of value.
  • Continued Development of the Bitcoin Ecosystem: The ongoing development of new applications and services built on Bitcoin will increase its utility and encourage more people to hold it.

Conclusion

The fact that 75% of all Bitcoin has been hodled for over six months is a powerful testament to the enduring faith in its long-term potential.This strong HODLing behavior has significant implications for Bitcoin's market dynamics, contributing to reduced selling pressure, potential supply shocks, and increased price volatility during bull runs.While HODLing is not without its risks, it has proven to be a successful strategy for many investors, reflecting a deep-seated belief in Bitcoin's future as a store of value and a decentralized alternative to traditional financial systems. 75% of all Bitcoin has been hodled for over 6 months Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn t been sold or moved for the last six months. It s a significant jump from only a week ago, on Aug. 11, when onchain analytics platform Glassnode data showed that almost half the BTC supplyAs Bitcoin adoption continues to grow and the market matures, the HODL mentality is likely to become even more prevalent, further shaping the future of this revolutionary digital asset.Consider your own investment goals and risk tolerance before deciding if HODLing is the right strategy for you, and always do your own research before investing in any cryptocurrency. Bitcoin s Price Tops $63,000 After Yesterday s Rate Cut . SeptemStay informed, stay patient, and remember that in the world of Bitcoin, long-term vision often prevails.

Elizabeth Stark can be reached at [email protected].

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