On-chain statistics through February have suggested positive sentiment for Bitcoin (BTC) as addresses with a non-zero balance of BTC reached an all-time high.
Additionally, those wallets with a positive BTC balance are increasingly hodling their coins. The amount of BTC circulating supply last moved between three and five years ago reached a four-year high of just over 2.8 million BTC, according to data from on-chain analytics firm Glassnode.