Bitcoin Movements: The Young Coin Phenomenon
According to the latest research from Glassnode, a fascinating trend in the Bitcoin ecosystem has emerged—around 95% of the Bitcoin being exchanged was last moved less than three months ago. This indicates that most of the transactions currently taking place involve so-called “young coins.” What does that mean? Well, if you’ve just gotten your grubby little hands on some Bitcoin, congratulations! You’re part of this young and vibrant new wave of cryptocurrency enthusiasts.
What’s Cooking in the Wallets?
As per Glassnode’s March 15 report, the data reveals a striking detail: only 5% of spent outputs are more than 90 days old. The implication? Most of the on-chain traffic comprises fresh BTC that’s found its way into the hands of new or short-term holders. Interestingly, wallets that have been ‘hodling’ Bitcoin for longer than three years—dubbed Long Term Holders (LTH)—have notably increased their holdings in the past six to 12 months. Picture it as your grandma’s secret cookie recipe—once they have it, they hold on to it even during the cookie craze!
Long-Term Vs. Short-Term Holders
Understanding the distinction between LTH and Short Term Holders (STH) is essential. LTH are like the wise sages of the Bitcoin world, keeping their coins for over 155 days, while STH are often the rookies mixing it up and moving their coins around in less than 155 days. Think of STH as those folks at a buffet—grab, eat, and go! In contrast, LTH are more like fine wine collectors, cautiously accumulating during bearish spells and occasionally releasing their precious bottles— err, BTC—when the market looks ripe for selling.
The Profit Landscape of Bitcoin
Here’s something that should grab your attention: currently, 10.85 million BTC (nearly 58% of Bitcoin’s circulating supply) are in profit, with STH wallets holding about 5.3 million BTC also in the green. Hooray for the investors riding the wave! However, with great profit comes great responsibility—especially if you’re an STH. Take note: many of them have been skimming off the top since 2020, making significant profits. But as they say, be careful when playing with cash! 
The New Wave of Retail Investors
In a promising development for the crypto landscape, Glassnode has noted a spike in active new entities participating in the Bitcoin network. It seems like every Tom, Dick, and Harry is rushing to get in on the action—new retail investors are flocking to the crypto scene like moths to a flame! This influx of new participants showcases an unprecedented growth trend, hinting that the future of Bitcoin is bursting with fresh energy. Therefore, let’s raise a (virtual) coffee cup to these newcomers, who are just starting their journey through the wonderful and occasionally bewildering world of Bitcoin.
