Long-term Bitcoin holders have accumulated over 75% of their Bitcoin holdings

According to reports, long-term Bitcoin holders currently hold more than 75% of all existing Bitcoins. This level was last seen in October 2015, according to an analyst at the crypto analytics platform CryptoQuant. The sentiment of long-term shareholders is essential because they represent experienced market participants who have gone through different market phases. CryptoQuant’s chart shows that Bitcoin is shifting from young, inexperienced market participants to long-term holders.