**Bitcoin Hodling Hits New Highs Amid Market Uncertainty**
Recent data from Glassnode reveals that around 74% of all circulating Bitcoin hasn't moved in over six months. This is a significant increase from just a week ago when only 45% of BTC had been dormant for that long.
- **Hodl Wave Insight**: Glassnodeâs Hodl Wave chart shows a growing trend of long-term holding, suggesting investors see Bitcoin as a store of value and are anticipating future price increases.
- **Market Impact**: With more BTC being held, the available supply for trading decreases, potentially driving prices up as demand rises.
- **Short-Term Holders**: Onchain analyst James Check noted that over 80% of short-term holders are currently at a loss, which could lead to panic selling and further price drops.
- **Market Sentiment**: The Bitcoin Fear & Greed Index is at 28, indicating fear, a level not seen since December 2022.
- **Price Movements**: Bitcoin recently peaked above $60,000 but has since fallen to $58,619.
Stay tuned for more updates on the evolving cryptocurrency landscape.
