Study: Bitcoin Investors and Speculators Maintained Their Positions Over Summer
Bitcoin (BTC) investors and speculators held their positions over the summer, while markets seem to have become more stable overall, according to a new study by Chainalysis published September 24.
The data presented in the report was compiled using the concept of standardized monetary aggregates. Specifically, the analysts categorized coins from the most liquid (coins used for speculation and transactions) to less liquid (coins held for investment), and the least liquid (lost coins, or coins yet to be mined), subsequently categorizing the money supply into monetary aggregates.
Per the study, the monetary aggregates were “extremely steady” during the summer, showing that the amount of BTC held for speculation was stable from May to August at around 22 percent of available BTC. The amount of BTC held for investment also showed stability during the same period at around 30 percent.
