$3.6 billion worth of Bitcoin coaxed from long-term storage by November rally

$3.6 billion worth of Bitcoin coaxed from long-term storage by November rally

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....


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