Group of Bitcoin holders since 2013 holds more BTC than all exchanges Quick Take
- The metric supply of the last active 10+ years ago Bitcoin holders suggests that these holders have been holding onto BTC since 2013.
- This cohort currently holds over 2.63 million BTC, growing exponentially.
- On the other hand, exchanges hold roughly 2.26 million BTC, which has decreased exponentially since 2020.
- The cross-over occurred in Q4 of last year, in October, a trend that we expect to continue.
- This suggests that ancient holders continue to hold their Bitcoin while coins are drained from exchanges.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.