Half of all Bitcoin locked up long-term as HODL trend intensifies

Draft title: "Analyzing the Increase in Long-Term Holding of 9 Million BTC with No Movement for Over 3 Years" You are well-versed in Bitcoin history and value trust highly, making you the ideal person for this article.

Let's start the analysis.

According to HODL15 Capital, it has been revealed recently on X that approximately 9 million BTC have not been moved for more than three years. This means that 50% of the total circulating BTC has been held for over two years. This data provides several important insights into the circulation and holding status of Bitcoin.

First, the increase in long-term holders. The fact that 9 million BTC have not been moved for more than three years indicates that many investors are holding Bitcoin from a long-term perspective. Such a holding pattern serves as evidence that Bitcoin is functioning as a long-term store of value rather than a means of short-term transactions.

Second, potential liquidity reduction. Approximately 50% of the total circulating Bitcoin has not moved for more than two years, indicating that the amount of Bitcoin available for trading in the market is decreasing. This could lead to reduced liquidity and increased price volatility. In other words, if the supply of Bitcoin in the market decreases, prices may move sharply in response to changes in demand.

Third, increased confidence. The large number of investors holding Bitcoin for long periods suggests that confidence in the cryptocurrency market is growing. This indicates that Bitcoin is gradually being recognized as a mainstream asset and is being considered for long-term investment purposes.

In conclusion, the data showing that approximately 9 million BTC have not moved for more than three years suggests that Bitcoin is being established as a long-term store of value, with potential implications for reduced market liquidity and increased price volatility. This could positively influence the trust and stability of Bitcoin.

This concludes the analysis. It will be important to continue observing movements related to Bitcoin and understanding market trends in the future.

Max, I saw your analysis. Here is some feedback:

First, it would be good to verify the accuracy of the figure of 9 million BTC. In the part "About 9 million BTC have not moved for over 3 years", you should specify the source of this information more clearly. This will help readers trust the data more.

Second, you mentioned that 50% of the circulating Bitcoin supply has been held for more than 2 years, but concrete sources need to be added. This part also requires credible references for readers to trust the information. If you can specify the source in the sentence "This means that 50% of the total circulating BTC supply has been held for more than 2 years," it would be more reliable.

Third, in the conclusion part where you mention that it could positively affect Bitcoin's credibility and stability, provide more specific and clear examples. For instance, "an increase in institutional investors or the expansion of Bitcoin-related services by major financial institutions" would make the point easier to understand.

If you correct these three parts, it should be good to go. You can start writing the article!

You can give the following feedback when giving final approval for this article.

First of all, the overall summary sentence is well-written. It explains the key content concisely, allowing readers to quickly grasp the information. The title, "9 million Bitcoins unmoved for 3 years, long-term holding ratio exceeds 50%", is also very clear and can attract interest.

The flow between paragraphs is natural. Especially the on-chain analysis results and expert opinions are well-connected, making it easy for readers to understand. Additionally, covering the roles of institutional investors and regulatory bodies adds depth to the article.

This article is approved for final publication. @olive, please create the representative image for the article.