10 Million Bitcoins Have Been Sleeping For 2 Years! What Does It Mean For BTC?

With an increase of more than 60% since the beginning of 2023 bitcoin It stands at $28,000.

In Bitcoin, which passed $ 29,000, investors expect the psychological level of $ 30,000 to be reached. cryptocurrency phenomenon Anthony Pomplianoreferring to Glassnode’s BTC data.

glassnode Citing an important data published by Pompliano, he pointed out that 53% of Bitcoin’s circulating supply has been inactive for the past two years.

BTC Stating that more than half of the supply has not moved for two years, the phenomenon emphasized that this data has reached an all-time high.

“More than 1 out of every 2 Bitcoins in circulation has not moved in the last 2 years. This data has reached an all-time high of 53% today.

Going one step further, almost 29% of all circulating BTC has not moved in the last 5 years.

Again, according to Glassnode data, slightly less than 15% of all Bitcoins in circulation have not moved in a decade.

There are more than 2,700,000 BTC in the hands of the world’s most disciplined traders, lost, forgotten, or otherwise.”

More than 1 out of every 2 bitcoin in circulation has not moved in the last 2 years.

We hit a new all-time high of 53% today. pic.twitter.com/W6GzopMAtu

— Pomp 🌪 (@APompliano) April 10, 2023

Pompliano this is BTCAlthough he comments that ‘s may be lost, forgotten or in the hands of the most disciplined investors in the world. bitcoin Some members of the community think these BTCs are in the hands of investors who bought when they were at an all-time high and were waiting for the right time to sell.

Some community members also believe that this data is positive on BTC price. According to them, the low number of BTC moving means less selling pressure on BTC.

*Not investment advice.