Record low speculation reveals Bitcoin market maturing in silence

Record low speculation reveals Bitcoin market maturing in silence

Quick Take
CryptoSlate’s previous analysis revealed a significant divergence between long-term holders (those who have held Bitcoin for more than 155 days) and short-term holders (those who have held Bitcoin for less than 155 days).
Taking this analysis one step further, a striking revelation around speculative Bitcoin purchases emerges using the HODL waves metric, which classifies Bitcoin’s active supply into different age bands.
The 24-hour investors, likely to trade or speculate within a 24-hour timeframe, represent only 0.78% of the Bitcoin supply. This percentage is lower than any previously recorded during bear markets, indicating a record-low level of speculation around Bitcoin and suggesting an unprecedented quiet in the market chatter surrounding the leading cryptocurrency.
24 Hour HODL Waves: (Source: Glassnode)
In addition, data from Google search trends paints a similar picture. The interest level in Bitcoin is currently ranked at 16, one of the lowest levels in this cy

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