Bitcoin: Sleeping with the Coins

In a market full of adrenaline junkies and quick-buck chasers, a significant number of Bitcoin seems to have embraced a new lifestyle trend: dormancy. It’s the digital version of watching paint dry, and yet, as the numbers suggest, it’s the coolest trend in town.

Read more: How to HODL: Mastering the Art of Patience and Profits

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The Great Dormancy Census

Data wizards at Glassnode, those brave souls who peer into the heart of the blockchain abyss, have uncovered a rather ironic secret. Over 13.3 million Bitcoins, a jaw-dropping $388.7 billion in value, have slipped into the realm of dormancy for a whole year or more. That’s right, folks, nearly 70% of the Bitcoin supply is taking a leisurely nap, leaving traders and speculators wondering if they’ve missed the memo on the ultimate snooze-fest.

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Source: Glassnode

HODLing: It’s a Lifestyle

Rumor has it that among these dormant digital darlings are some that might never wake up. Lost keys, accidental deletions, and tales of tragic hard drive crashes are part of this crypto-coma narrative. But fear not, for within the cryptic depths of dormancy, a diamond truth shines.

Bitcoin is the strongest money we have ever had. It has fixed supplies. HODL it like your life depends on it, because it definitely does. Don’t sell cheap.

Olawale Daniel, Founder at Boost My Media , Vice President at PATECH , and CEO & Founder at TechAtLast International

Analysts at Bitfinex reveal that it’s not all just digital snoring; it’s the strategic art of HODLing. Those who’ve taken the backseat, lounging with their Bitcoin, are sending a message as clear as a foggy blockchain: “We believe.”

Years in Bed: A Badge of Honor

The fun doesn’t stop at one year of snuggled slumber. Recent data waves show that a solid 56% of Bitcoin is in a deep sleep for over two years, while the real champions, the three-year snooze experts, contribute a respectable 40%. Now, some might say, “Isn’t that a sign of a market slowdown?” Oh, contrarians, for this dormancy parade could be the precursor to a price rally extravaganza. That is, of course, if demand decides to leave its cozy comforter.

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Bitcoin Believers: A Special Breed

Bitfinex analysts, possibly fueled by virtual caffeine, acknowledge this HODLing bonanza as a testament to the true believers of Bitcoin’s long-term worth. They’re the folks who wink at market downturns, chuckling at volatility, and giving the financial finger to uncertainty. It’s not just scarcity, it’s the unwavering faith in the digital darling that could very well defy gravity, dragging prices northward in a display of HODLer-powered optimism.

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The Shadow Play of Financialization

While the stage is dimly lit with dormant coins, don’t forget the shadow players behind the curtains. Financialization, a term that sounds suspiciously like a villain from a financial thriller, refers to the fancy ways people can invest in Bitcoin without really touching it. Think of it as the world of crypto derivatives, where even if your Bitcoin is comatose, it could still be doing a samba in the derivative markets.

As we tread this ironic path of dormancy, remember, the crypto world is anything but a lullaby. It’s a waltz of conviction, a marathon of patience, and a circus of financial stunts. So, whether you’re watching your Bitcoin hibernate or dancing with derivatives, just know this: the crypto realm is always ready to surprise, snooze or soar.

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