While the halving and spot exchange traded funds (ETFs) were awaited, Bitcoin supply began to tighten.
According to the analysis by blockchain analysis firm Glassnode, the general situation in Bitcoin wallets shows that the supply is starting to tighten.
kept in wallets and at least 1 year ago The ratio of actively used Bitcoins to the total supply in circulation, to all-time highs approached.
Similarly, money held in wallets with minimal spending illilite supply on the reflecting display All-time record with 15.4 million BTC broken. According to Glassnode analysis, this is “investors withdraw to keep their coins” is showing.
Following the collapse of Three Arrows Capital and Terra Luna last year Investors who HODL also started to get stronger. Investors, “They are increasingly avoiding spending and transactions and accumulating and holding coins.”
In the Glassnode report, the following note was made about the coming months:
“With the halving expected for April and the positive momentum gained by spot ETFs in the USA, the coming months seem to be exciting for Bitcoin investors.”
