11.4 M Bitcoin Held As Long Term Investment

[Nostoman]

11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply.
According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians.
The company concluded that the breakdown of Bitcoin’s supply makes it similar to gold, supporting the asset’s status as digital gold. They clarify, however, that it is the 3.5 million BTC that is actively traded which supports the price:

“But this digital gold is supported by an active trading market for those who prefer to buy and sell frequently. The 3.5 million Bitcoin used for trading supplies the market, and, in interaction with the level of demand, determines the price.”
Source : https://cointelegraph.com/news/114-m-bitcoin-held-as-long-term-investment

[TomPluz]

The long-term holders of Bitcoin are seeing it as a store of value or the digital equivalent of the physical gold. It is amazing how 20% of the available supply can be determining the overall price of this asset but that is the way when something is openly traded.

[Michael.sol]

I really shocked , with 20% supply for trading if Bitcoin touch $10K then assumed if 70% of total volume is used for trading then we see Bitcoin touch a good price day by Day.