Recent data reveals that a significant portion of Bitcoin holders, known as diamond hands, have maintained their positions for over five years without moving their coins. The Unspent Transaction Outputs (UTXOs) that have remained untouched for more than five years represent the holdings of long-term holders (LTHs). These LTHs are considered the steadfast side of the market, with a notable 30.7% of the total Bitcoin supply falling into this category. While some of these coins may have been lost or inaccessible, the majority showcase unwavering conviction. Despite minor fluctuations earlier in the year, the percentage of 5+ year LTH supply has remained relatively stable. This resilience suggests that these investors are unlikely to sell their Bitcoin unless under exceptional circumstances. Despite a recent 4% price drop, Bitcoin continues to hold strong at $58,100. Read more AI-generated news on: https://app.chaingpt.org/news

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