Quick Take
The next several weeks are poised for significant movement in the categories of Bitcoin’s Supply Last Active (SLA), which indicates the percentage of circulating Bitcoin supply that has remained static for at least 1, 2, 3, or 5 years.
SLA for 1+ years currently stands around 68.3%, a slight drop from its July high of 69%. This shift coincides with the impending anniversary of the FTX collapse that precipitated Bitcoin’s drop from nearly $20,000 to around $15,500. The expected increase in the SLA of 1+ years may potentially reveal those who capitalized on this dip.
Supply Last Active
%
Supply Last Active 1 + Years Ago
68.31%
Supply Last Active 2 + Years Ago
57.01%
Supply Last Active 3 + Years Ago
40.72%
Supply Last Active 5 + Years Ago
29.61%
In a historical context, the peak of the last cycle in November 2021, where Bitcoin hit approximately $69,000, is beginning to influence the upward trend in SLA 2+ years ago, reflected in its all-time high of 57%.
Moreover, as Bitc
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