Bitcoin Circulation Rate Remains Low, Why This Could Be Bad For Rally

Bitcoin Circulation Rate Remains Low, Why This Could Be Bad For Rally

On-chain data shows the Bitcoin circulation rate has continued to be low recently, something that may be bad news for the current BTC rally. Bitcoin Circulation Has Remained Low Despite Recent Price Surge According to data from the on-chain analytics firm Santiment, 105,000 BTC is moving per day currently. The relevant indicator here is the “circulation,” which measures the unique daily number of Bitcoin tokens that are showing some movement on the blockchain. Since the metric only counts unique coins, it means that if a token has been shifted on the network multiple times in a....

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