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The Luna collapse impact on Bitcoin one year later

Data via Glassnode

A record-breaking 69% of Bitcoin's circulating supply has remained untouched for at least a year.

Quick Take

  • The Luna crash between May and June 2022 drove Bitcoin's value below $20,000.
  • In June 2022, Bitcoin's value diminished by $10,000 in ten days.
  • Bitcoins are now predominantly held by long-term investors.
  • A record 69% of Bitcoin's supply has remained inactive for over a year, a trend rising since the beginning of 2023.
  • Despite a significant 75% price plunge in 2022, Bitcoin's steadfast ‘buy-and-hold' strategy remains robust throughout the bearish market.
Supply Last Active: (Source: Glassnode)
Supply Last Active: (Source: Glassnode)