Hodlers own record amounts of Ethereum and Bitcoin
Employees of the analytical company IntoTheBlock reported that hodlers are in possession of a record number of Bitcoins and Ethereum (ETH).
IntoTheBlock specialists classify people who store digital assets for at least a year as hodlers. According to them, on December 24, hodlers owned 70% of Bitcoins and 74% of Ethereum in circulation. And, judging by the graph, hodlers began accumulating coins back in 2022.
The number of Bitcoins (blue line) and Ethereum (pink) in the possession of hodlers
If hodlers continue to increase their holdings of Bitcoin and Ethereum, the market could experience a supply shock, a situation in which the number of coins held on the balance sheet of cryptocurrency exchanges will significantly decrease. In this case, an increase in the value of digital assets will be inevitable even with a constant level of demand.
