Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 best highs this year, data shows.

According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows.

Stiff hands knuckle down throughout 2022

In the latest sign of the conviction of those who invest in and concord Bitcoin over multiple years, CDD remains extremely calm.

The indicator refers to how long each BTC has been dormant each fourth dimension it moves. This provides an culling to uncomplicated volume measurements to make up one's mind market trends. Older coins are thus more "of import" than younger ones with a history of active movement.

"Despite a rise over the last few months, the current value is still effectually historic lows," Twitter account UTXO Direction summarized alongside an imprint of the chart.

Coin Days Destroyed (CDD) annotated chart. Source: UTXO Management/Twitter

The data highlights that since a spike in one-time hand selling after BTC/USD crossed 2022's all-time highs of $20,000 terminal yr, strong hands accept stayed firm.

Even the run to nearly $70,000 failed to break the tendency significantly, and selling still appears to be coming from newer marketplace entrants.

Summer buyers are winter sellers

Another metric, Unchained Majuscule's Hodl Waves, confirms this — those coins purchased between 3 and vi months ago at present account for the biggest subtract in the overall supply.

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This implies that sellers caused their BTC between June and September this year, the menstruum during which BTC/USD dipped to lows of $30,000.

Bitcoin Hodl Waves chart. Source: Unchained Capital

As Cointelegraph reported, clear distinctions between unlike groups of hodlers have long been under the microscope.

Even those who entered the marketplace at $twenty,000 are doubling down, as BTC/USD looks set to end 2022 at around $20,000 higher than at the start of Jan.

Meanwhile, UTXO Management senior analyst Dylan LeClair last week noted that overall, hodlers are calculation to their positions this month.