The () Yearlong Price Rally in theBTCGlassnode data shows that traders have chosen to trade the token for assets rather than trading it in order to take advantage of the (or future) upside.

Service for blockchain data analysis revealedThe total number of “hodled” or lost coins reached an all-time high of more than 7.21 million BTC on October 28th. In simple terms, the Bitcoin metric reflected an increase in out-of-circulation tokens — those that may have been stored in cold wallets by long-term holders or lost due to human errors, with little chance of recovery.