Bitcoin Holders Are Accumulating at a Rapid Pace, and That’s Huge for Prices

By Nick Chong

If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL” or “to HODL.” A misspelling of the word “hold,” it’s an industry joke used by cryptocurrency investors in reference to the investing habits of many in the space: accumulate BTC as fast as possible, hold it, never sell — HODL.

The joke, funnily enough, is playing out in front of our eyes, with data indicating that long-term investors are buying Bitcoin at a rapid clip. Heading into the block reward halving, that is big for the bullish narrative.

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