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Recent data from Glassnode reveals significant trends in the cryptocurrency space, showcasing the durability of Bitcoin holders. The Glassnode supply last active (SLA) chart, which tracks how long coins have been dormant, categorizes Bitcoin supply into cohorts of 1+ years, 2+ years, 3+ years, and 5+ years. Despite a temporary decline following the U.S. Bitcoin ETF launch and some selling by long-term holders, all SLA cohorts had previously reached their all-time highs in late 2023. Specifically, the 1+ year cohort decreased slightly from over 70% to 66%, while the 2+ years cohort fell from over 57% to 54% but has since stabilized.
![](https://cryptocrunchapp.com/wp-content/uploads/2024/05/SLA-1-1024x576.webp)
Highlighting investor confidence, the SLA 3+ years cohort—covering coins last moved at the start of the 2021 bull run—increased from over 42% to more than 46%, a new peak. This resilience indicates that many investors who bought in during the $50,000 to $30,000 Bitcoin price drop in mid-2021, particularly during the China mining ban, are holding firm. The coming months are poised to shed more light on these steadfast investors’ strategies as market dynamics evolve.