Over the past seven days, the combined balance of these wallets has increased by 43,949 BTC (~$1.274 billion at the time of writing).

Glassnode categorizes addresses from which assets have not moved for more than 155 days (~5 months) as long-term holders. Research from the analytics service has shown these coins to be statistically unlikely to be spent, and presumably are in HODL status.

Glassnode’s leading onchain analyst under the nickname Checkmate also noted a drop in bitcoin’s realized volatility to historic lows. On various timeframes, the indicator is the “quietest” since March 2020, he clarified.