Massive accumulation of BTC and increase of HODL positions
Investor confidence in Bitcoin rose sharply in 2020. At present, HODL positions have reached the new All Time High (61%) and more and more traditional investors are interested in cryptocurrencies.
Long-term investor confidence was not hampered by this year's quick dump of Bitcoin at $ 3,700. If this event did not frighten the HODLers, then nothing will frighten them.
Number of RATED Bitcoins at historical maximum.
This year we are recording one of the largest accumulation phases in history, which we will discuss in other sections of this article. In 2020, HODL positions declined for only 16 days.