The price of Bitcoin (BTC) “did not come” from those holding coins for several years or longer, research claims

Recent volatility within the price of Bitcoin (BTC) “did not come” from those holding coins for several years or longer, research claims.In findings published on St Patrick's Day , Unchained Capital revealed that BTC which had been “parked” for an extended period didn't begin moving as a results of price changes in 2019 or 2020.
Hodl waves show “hands of steel”
Uploading the newest edition of its “hodl waves” graphic, the corporate highlighted that the section of the Bitcoin supply in storage for five years or longer had increased over the past year.
“The volatility certainly didn't come from the >5y HODLers. Are those coins lost or do those bitcoiners have hands of steel?” a tweet presenting the info queried.
“Over the course of the last year the percent of >5y coins has increased from 20.37% > 21.65%, or by ~233,800 BTC.”

According to hodl waves, it had been those transactions involving coins stored for half a year or less which drove the market during 2019’s bullish phase and therefore the current selloff.

“A majority of the volatility came from UTXOs 6 months old or younger,” Unchained Capital continued.
Big BTC miners aim to double market share

The findings were echoed by fellow monitoring resource Coin Metrics. Going forward, Cointelegraph Markets analyst Keith Wareing says, miners who survived the worth crash will look to shield themselves from May’s block reward halving beforehand .

They will do so by taking coins each block which smaller miners not claim after capitulating — the assembly cost for Bitcoin mining stood at around $8,000 as of last week.

“Why dump? Half the miners capitulate then only the hardware producing miners remain thus doubling their market share so then remain unaffected by the halving,” he summarized privately comments.
As Cointelegraph reported, sentiment among stalwart Bitcoin proponents has remained steadfast, whilst the cryptocurrency trades down almost 50% versus just fortnight ago.