Crypto Today | Bitcoin inactive supply nears record as over 60%...

Bitcoin inactive supply nears record as over 60% of BTC stays unspent for at least 1 year

Only two times before has the proportion of available supply been so overwhelmingly stationary in its wallet.

Bitcoin (BTC) may be struggling at $40,000 but fresh data is reinforcing the fact that hardly anyone is interested in selling.

Data from on-chain analytics firm Glassnode shows that despite price volatility, over 60% of the BTC supply has not left its wallet in a year or more.

Strong hands have rarely been stronger

Stubborn hodling by long-term investors is a characteristic that differentiates the current Bitcoin market climate from most other downtrends.

With spot price action passing 50% losses versus November's all-time highs last month, expectations were for cold feet to kick in — but among seasoned hodlers, the sell-off never came.

In fact, the opposite has been true for an extended period — long-term investors are adding to their positions or staying put on their BTC exposure.


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