The article highlights the increasing popularity of the 'HODL' strategy among Bitcoin investors, emphasizing that more people are holding onto their BTC rather than selling or trading it. This trend suggests a growing bullish sentiment in the market.
Data from analytics firms like Glassnode and CryptoQuant reveal that Bitcoin's illiquid supply has seen a notable rise, with exchanges' reserves reaching historic lows. This decline in liquid supply indicates a preference for long-term holding over trading.
Institutional investment in Bitcoin has surged, driven by its growing use as an inflation hedge and asset diversification tool. A notable 8% of all Bitcoin is currently held by institutional investors, with US companies holding significant amounts.
The demand for Bitcoin ETFs is also contributing to its increasing popularity. The article underscores the potential for a market rally as investor interest in Bitcoin continues to grow and exchange reserves remain low.
