Hold Or Hoard: Data Shows Staggering Amount Of Bitcoin Supply Hasn’t Moved In...
Bitcoin is the entire reason that the term “HODL” was coined, no pun intended. The phrase “hold on for dear life” may have been taken too much too heart, with more than half of the total BTC supply locked away dormant in a wallet for a year or more. Are these committed long-term holders, hoarders, or is something else going on? We’re looking at all the possible scenarios related to the ever-increasing sleeping supply of […]
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Bitcoin price is appreciating at full steam because the market consists of nothing but buyers at the moment. Those who already own the abundance of the currently circulating supply are holding strong and refusing to sell. However, data shows that nearly 20% of the entire circulating supply hasn’t moved in seven years. Are those coins held by the strongest holders yet, or are there other reasons the large share of BTC supply hasn’t moved in […]
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,....
On-chain data shows the Bitcoin whales who bought around one month ago have continued to hold strong despite the price surge providing them with a chance to take some profit. Bitcoin 1 Month To 3 Month Old Supply Has Been Rising In Recent Days As pointed out by an analyst in a CryptoQuant post, the whales who bought at $19k about a month ago seem to not have realized their profits yet. The relevant indicator here are the Bitcoin supply age bands, which tell us how much coins are held by each cohort right now. These groups or age bands are divided based on the amount of time the coins....
Data shows Bitcoin supply has been relatively illiquid recently as long-term holders haven’t started realizing profits much. Bitcoin Supply Last Moved Within 30 Days Has Been Relatively Low As per the latest weekly report from Arcane Research, despite a rise in BTC’s price recently, the supply moved within the last 30 days hasn’t risen much. The percentage of Bitcoin supply last moved in the past 30 days is an important indicator that tells us about the liquidity of the market. Usually, when coins start aging more, they become less likely to be moved. Because of this....
On-chain data shows the amount of Bitcoin supply in loss has now reached levels similar to during the COVID crash and the 2018 bear market bottom. Bitcoin Supply In Loss Spikes Up Following The Latest Crash As pointed out by an analyst in a CryptoQuant post, the BTC supply in loss has set a new record for this year following the FTX disaster. The “supply in loss” is an indicator that measures the total amount of Bitcoin that’s currently being held at some loss. This metric works by looking at the on-chain history of each coin in the circulating supply to see what price it....