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BTC - Roughly 64% of the supply hasn't moved in over a year

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jrcornel
79
4 days agoBusy

Hodlers gonna hodl!

Investors in bitcoin are doing something at a greater rate now then ever before.

What are they doing you might be wondering?

They are hodling!

There is more bitcoin being held now than ever before.

Check it out:

(Source: https://twitter.com/Rhythmtrader/status/1201264872941600774)

Those numbers represent bitcoin that hasn't moved in over a year.

But wait there's more...

Since the supply is increasing daily, it makes sense that there is more bitcoin being held in absolute terms now than there was several years ago.

However, it's more than just that...

As a percentage of the total supply, there is also more dormant bitcoin now than ever before.

According to the data, the amount of dormant BTC as a percentage of the total supply has sharply increased in recent years.

https://cointelegraph.com/news/hodlers-are-insane-64-of-bitcoin-supply-has-not-moved-since-2018

So, not only are more bitcoins being held in total, a greater percentage of the total supply is being held as well.

In conclusion...

Hodlers gonna hodl!

Stay informed my friends.

-Doc

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