Bitcoin (BTC) hodlers are preparing for a bull run just like the one that led to $20,000 all-time highs in 2017, one metric suggests. According to on-chain monitoring resource Glassnode on June 28, the proportion of the Bitcoin supply that has not left its wallet in a year or longer reflects 2016. Dormant BTC channels 2016 Despite a hectic year for Bitcoin price action, the data shows that over 61% of the supply remained dormant through highs and lows. This is a record, U.S. exchange Kraken business development director Dan Held added. Glassnode noted that early 2016 likewise recorded similar behavior among hodlers. ... (full story)