Bitcoin ‘dormant’ for 7+ years moved right before BTC price dropped 5%
More long-dead BTC moved this week than at any time since just before the $20,000 all-time high in December 2017. Bitcoin (BTC) dived $3,000 into the morning of April 1 as a widely-predicted pullback seemed to accompany fresh moves by major investors. As revealed by the Whale Shadows indicator, over 11,000 BTC suddenly left its wallet on March 29, having previously sat there for most of a decade.Dormant coins echo December 2017Whale Shadows, coined by analyst Philip Swift, tracks coins that become active again after spending a considerable amount of time out of circulation.Tuned to only....
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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....
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,....
The year 2015 has ended and investors can now calculate the result of their investment activities. What has Bitcoin brought to us last year? On the first day on the year 2015, January 01, 2015, the price of Bitcoin moved to the level of $313, which is 59.35% less than a year before that, on January 01, 2014, when the price was $770. During the first two weeks of 2015 the price of Bitcoin dropped sharply to $177. The price then rose gradually to $250 in September and had moved to another top of $300 by the end of October. The maximum price in 2015 we saw in December 2015, when the Bitcoin....
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 […]
Bitcoin exchange reserves dropped from 2.5 million to 2.355 million in the past month as around 145,000 BTC, worth $2.35 billion, moved out of exchanges. From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately 145,000 BTC, worth $2.35 billion at a price point of $16,200, moved out of exchanges.Bitcoin exchange reserves since January 2018. Source: CryptoQuantIn the same period, Bitcoin miners mined around 27,000 BTC, equivalent to around $437.4 million. Since miners have been mining 900 BTC daily....