Onchain Highlights
DEFINITION: The percent of circulating supply that has not moved in at least three years.
Bitcoin’s percent of supply last active over three years ago has significantly increased. The Glassnode charts reveal that from January 2024 to July 2024, this metric rose from approximately 43% to around 46.5%. This trend signifies a substantial portion of Bitcoin’s circulating supply remaining dormant, suggesting that long-term holders are not selling despite market fluctuations.
Bitcoin: Percent of Supply Last Active 3+ years ago: (Source: Glassnode)
Historically, the increasing percentage of dormant Bitcoin correlates with price stabilization and potential future bullish movements. The long-term chart spanning from 2010 to 2024 shows consistent growth in this metric, aligning with significant price rallies. For instance, the percent of supply last active over three years surged during the 2017 and 2020 bull runs, reaching new highs each time.
The recent rise after the 20
We współpracy z: https://cryptoslate.com/insights/bitcoins-dormant-supply-rises-3-echoing-past-bull-run-patterns/
