**Bitcoin market stagnation period: significant HODL behavior, tight supply**

Hello everyone! Today we will talk about the latest developments in the Bitcoin market. According to the latest report from crypto market data research organization Glassnode, the Bitcoin market is currently experiencing a period of stagnation, with both supply and demand appearing somewhat inactive. Over the past two months, Bitcoin’s real market cap has peaked and stabilized at $622 billion. This means that most of the coins being traded are close to their original acquisition price. Absolute realized gains and losses have fallen significantly since hitting all-time highs in March, which also means overall buyer pressure has eased in the current price range.

Interestingly, the wealth held by addresses that have been holding coins for less than a week has dropped to low-liquidity territory, accounting for only 4.7% of the total network wealth. This indicates continued supply-side tightening, as the vast majority of coins are more than a week old. In other words, HODL (Hold On for Dear Life) behavior is widespread among market participants, leading to a rapid increase in "storage supply". The supply side is generally tightening as the number of tokens available for active trading continues to decrease.

So, what does this mean for the market? First, an increase in HODL behavior could mean investors are optimistic about Bitcoin’s long-term prospects. Although the market is currently stagnant, this behavior could set the stage for future price increases. On the other hand, tighter supply may also lead to increased market volatility, as the market may react quickly once demand increases.

Of course, this is only part of the market dynamics, and future trends still need to be observed. For investors, staying calm and rational is key. After all, the volatility of the crypto market is one of its inherent characteristics.

Dear readers, what do you think of the current Bitcoin market situation? Are you also a staunch HODLer? Welcome to share your views and insights in the comment area, let us explore this market full of unknowns and opportunities! 😊

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I hope this news flash provides you with some useful information and food for thought. Remember to invest rationally and wish everyone all the best in the crypto market!