2020 Bull Buyers Now Control Up to 16% of Bitcoin Supply

Since the bottom of the bear market in late 2022, holders who have not moved Bitcoin in two to three years have significantly increased their share of the total token supply. In December last year, the investor group held approximately 8% of the token supply, and now accounts for more than 15%. Although Bitcoin has risen 165% this year, there has been no large-scale profit exit for holders who purchased BTC between December 2020 and December 2021 (Cointelegraph)