Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Long-term HODLers rule Bitcoin landscape amid strategic cling to value despite price swings
Long-term HODLers defy market trends, displaying steadfast confidence in Bitcoin's enduring value
Quick Take
The landscape of Bitcoin ownership is experiencing an unprecedented shift as the divergence between long-term and short-term hodlers reaches a historical high.
Currently, the Bitcoin market is overwhelmingly dominated by long-term hodlers, with 13.3 million entities that have held Bitcoin for a year or more. Contrarily, short-term hodlers, those who have held Bitcoin for less than a year, amount to only 6.1 million.
This change signifies a notable shift in market dynamics that typically occur during Bitcoin bull runs.
Historically, as Bitcoin prices surge, long-term hodlers begin to distribute their holdings, paving the way for short-term speculators to accumulate.
The current data suggests a deviation from this pattern, indicating that long-term hodlers are retaining their positions despite market fluctuations. This pattern could potentially signal more steadfast confidence in Bitcoin's long-term value.
The reverse scenario—long-term hodlers purchasing Bitcoin when prices are suppressed—further highlights the strategic approach of these individuals, who seem to perceive suppressed prices as an opportunity to acquire Bitcoin relatively cheaply.
















