As Bitcoin's year-over-year supply reaches a staggering 13.78 million BTC, a pattern emerges, suggesting a seismic shift in investor behavior. Not just a consequence of idling assets, this record-breaking figure hints at a profound adjustment in market dynamics. From the FTX collapse to an unforeseen surge, the timeline of these dormant coins tells an intriguing story. But the implications? What does the largest 30-day position change since May 2022 reveal about investors' convictions, and how might this trend shape the future liquidity and stability of the market? Unlock the Alpha insights and delve into the full implications behind the silent ascent of long-term Bitcoin holdings.
Bitcoin’s supply last active over a year ago reached ATH Bitcoin’s supply last active over a year ago reached ATH
Long-term Bitcoin holders prevail, pushing dormant supply to unprecedented levels.
2 min read
Updated: Dec. 7, 2023 at 2:32 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.