Quick Take
Luna collapse (May-June 2022) pushed Bitcoin below $20,000.
Bitcoin lost $10,000 in value over 10 days in June 2022.
Long-term holders now hold the purchased Bitcoin.
69% of Bitcoin’s supply was last active over 1 year ago, surging since the start of 2023.
Despite a 75% price drop in 2022, Bitcoin’s unwavering buy-and-hold philosophy seems to persist throughout the bear market.
Supply Last Active: (Source: Glassnode)
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