42.83% of circulation BTC has not been moved for two years, will the market form a "slingshot effect"?

There are some interesting phrases in the cryptocurrency community that are the buzzwords of cryptoinvestors and are often used to deal with the incredible volatility of bitcoin and other cryptocurrencies and roller-coaster like price swings. There is an expression called "hold on for dear life". But what pulse finds interesting is that, according to the latest data on the chain, a growing number of cryptographic investors are doing exactly that, and almost half of the BTC in circulation has not moved in two years.

Some Suggestions from the encryption community for investing in encryption include:

Never invest more than you can afford to lose,

Never store assets on an inactive trading platform, never disclose your password,

And "HODL."

英文中 HOLD 才是持有的意思，怎么就变成了「HODL 」  了呢？

其实「  HODL」 是「hold on for dear life」的首字母缩写，律动发现这个词最早出现在 2013 年的一个 Bitcointalk 论坛上，是「hold」的误拼形式。后来因为广为流传，也就被人们当做常用的一个词语了。

& have spent

The dominant view in the market is that bitcoin has been in a bear market for nearly two years and may be on the verge of a bull market, and that sentiment is reflected in the data. Nearly half of the bitcoin supply in circulation has not been on the market for at least two years, according to the data. And as the price of bitcoin has fallen to an extremely low level this year, that number has risen another 10 percent this year. The price proved too attractive for investors to pass up.

According to bitcoin's white paper, there are 18,348,100 bitcoins in circulation out of a total of 21 million bitcoins, of which 7,858,491 have not been floating in the market for nearly two years. Since some of the early investors lost their private keys, and some of the people who held bitcoins may have died, their original holdings may lie dormant forever, so the actual supply in circulation is thought to be much smaller.

But that raises another question, according to BlockBeats, but what exactly does the data mean for bitcoin and its price? With nearly half of bitcoin holders reluctant to sell and holding large amounts of the currency, who on earth is going to sell it?

And given that bitcoin supply is so scarce, and that after two years of decline, will there be a "slingshot effect" if people hold large amounts of the currency and don't want to sell it, causing the price to surge in the coming weeks? We don't know yet, but the future is certainly worth looking forward to.

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