Over 3 million Bitcoins dormant for a decade signal long-term investor confidence 
Quick Take
As of November’s end, the number of Bitcoins that have remained inactive for a decade or more has exceeded the 3 million mark. To put this into perspective, given that the circulating supply totals 19.5 million coins, this long-term holding represents about 15% of that supply.
This suggests an increasing propensity for long-term investment and a growing confidence in Bitcoin’s prospects, a significant shift from the quick-profit trading mindset commonly associated with digital assets.
Furthermore, a noteworthy divergence is intensifying between the balance of Bitcoin on exchanges, approximately 2 million, and the aforementioned inactive supply. With a difference now standing at 1 million coins, this expanding gap could potentially signal reduced liquidity in the market but also points towards a mounting faith in Bitcoin’s long-term stability and value.
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.
Featured Data Partner
