Definition ∞ Long term holder conviction describes the strong belief and commitment of investors who retain their digital assets for extended periods, often despite market volatility. These holders are typically less influenced by short-term price fluctuations and are focused on the asset’s fundamental value and future growth. Their actions often contribute to a stable asset base.
Context ∞ Crypto news often highlights long term holder conviction as a significant factor in an asset’s price stability and potential for future appreciation. On-chain metrics, such as increasing age of unspent transaction outputs or reduced spending from older wallets, serve as evidence of this conviction. This behavior indicates a mature investor base and a supply-side constraint.
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