The Spent Volume Age Bands Index shows that BTC long-term holders are holding their Bitcoins very tightly as they do not want to sell their BTC after a long-time period of accumulating in contrast to the short-term holders who are the most active subjects on the crypto market continuously trading their BTC. Looking at the chart, you can see that on the 18th of April, there was about 98% of the total activated BTC deriving from the BTC held from 1 hour to 1 week, and only about 2% of the total moved BTC were from the long-term investors holding BTC over 1 month.
Long-term investors are showing much patience and strong belief in the future of BTC, which is contrary to the short-term holders. This is considered an optimistic signal contributing to the bright prospect of BTC. Hence, we can together look forward to seeing the uptrend happens again soon.
