Bitcoin Bearish Signal: Dormant Supply On The Move Again
On-chain data shows some dormant Bitcoin supply is again moving into exchanges, something that could be bearish for the price of the crypto. Bitcoin Exchange Inflow For Old Coins Has Observed Spikes In Recent Days As pointed out by an analyst in a CryptoQuant post, some coins in the age ranges 2y-3y and 3y-5y have recently been deposited to exchanges. The “exchange inflow” is an indicator that measures the total amount of Bitcoin being transferred into the wallets of all centralized exchanges. When the value of this metric is high, it means investors are depositing large....
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On-chain data shows some old Bitcoin supply has recently been moved into exchanges, something that could be bearish for the crypto’s price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Past Day As pointed out by an analyst in a CryptoQuant post, the long-term holders have deposited some coins to exchanges over the last […]
On-chain data shows around 5k BTC that was sitting dormant since between 7 years to 10 years ago has just been moved, a sign that may be bearish for Bitcoin. Bitcoin Spent Output Age Bands Show Movement Of 7yr-10yr Old Coins As pointed out by an analyst in a CryptoQuant post, whenever such aged coins […]
Around 1.8 million Bitcoin has been dormant for over a decade. A significant amount of Bitcoin's (BTC) total supply has not moved for more than 10 years, according to data from cryptocurrency analytics data provider Glassnode.During this decade-long interim, 1.8 million Bitcoin (of the current 18.5 million supply) has been locked in dormant Bitcoin addresses. Its cumulative value amounts to more than $23 billion at the time of publication, according to data from Coin360.BTC dormant over 10 years. Source: GlassnodeA large portion of these coins may belong to Bitcoin’s mysterious creator,....
On-chain data shows more than 50% of the Bitcoin supply in circulation has remained dormant since at least five years ago. Bitcoin Supply Aged More Than 5 Years Is Only Continuing To Grow In a new post on X, analyst James V. Straten shared a chart that reveals the supply distribution of coins aged more […]
Data shows the Bitcoin supply has now reached all-time high HODLing levels, a sign that could be bullish for the price of the crypto. Bitcoin HODLed Or Lost Coins Metric Has Hit A New ATH As per the latest weekly report from Glassnode, investors have been showing some aggressive accumulation behavior recently. There are a couple of relevant indicators here. The first is the “HODLed or Lost Coins,” which measures the total number of coins that have been sitting dormant on the blockchain. Such coins either belong to the HODLers, or are simply inside wallets that have been lost....