2,496 Bitcoin Moved After Years Of Inactivity – Long-Term Holders Take Action
Bitcoin is once again under pressure as the market navigates a volatile and uncertain phase. After briefly reclaiming the $111K level, the world’s largest cryptocurrency is struggling to maintain $110K as a stable support zone. Sellers are regaining control, and bearish traders are calling for a deeper retrace toward lower range levels — possibly below […]
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Data reveals that mostly mid-to-long term holders were selling their Bitcoin during November, thus being responsible for the correction. Bitcoin UTXO Age Shows Mid-Term Holders Sold Their Coins In November As per the latest weekly report from Arcane Research, mid-term holders seem to be behind the decline in BTC’s price during the month of November. The relevant on-chain indicator here is the “UTXO Age.” UTXO stands for Unspent Transaction Output; you can think of it as a Bitcoin mechanic that keeps track of coins on the chain. The UTXO age metric measures how long it has....
On-chain data shows that Bitcoin long-term holders have continued to hold strong recently as their exchange inflows have remained low. Bitcoin Long-Term Holder Supply Has Set A New All-Time High The “long-term holders” (LTHs) refer to all those investors who have been holding onto their coins since more than 155 days ago. Generally, the longer […]
As the Bitcoin price declines to $40k, on-chain data shows long-term holders have harvested some profits recently. Bitcoin Long-Term Holder SOPR Shows Some Spikes Recently As pointed out by an analyst in a CrypoQuant post, some BTC long-term holders seem to have participated in profit taking over the past day. The relevant indicator here is the spent output profit ratio (or the SOPR in brief), which tells us about the profit ratio of the whole Bitcoin market. The metric works by checking the past history of each coin being sold on the chain to see what price it was moved at before. If this....
One in every two Bitcoin (BTC) in circulation has not been moved in the last two years. 53% Of BTC Not Moved In Over 2 Years This is according to Glassnode data shared by Antony Pompliano, a crypto and Bitcoin supporter, in a tweet on April 10. If you take it a step further, almost 29% of all bitcoin in circulation have not moved in the last 5 years. That is over $150 billion in market cap that hasn't moved in half a decade. pic.twitter.com/33bivFYudV — Pomp 🌪 (@APompliano) April 10, 2023 With over 53% of all BTC in circulating supply having not been moved in the last two years,....
Amid November’s 42% Bitcoin rally, roughly 185,600 BTC that hadn't moved in at least 12 months was transferred on-chain. The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage.According to Unchained Capital’s ‘hodlwaves’ metric, which measures the time since Bitcoin has moved on-chain, roughly 15% of the Bitcoin that had not been moved for five and seven years as of Nov. 1 were finally transferred on-chain during the month of November.Nearly 1% of the total supply of #bitcoin moved out of long-term storage (>1 year in the same....