Bitcoin (BTC) 63% of its total supply hasn’t moved in over a year, with just 0.3% left to hit its all-time high.
Along with the increasing supply of long-term holdings, there is also an increasing number of “weak-handed” Bitcoin investors who are selling their holdings more actively than long-term investors.
According to data provided by Will Clemente, the supply of Bitcoin, which has not moved in any way for over a year, continues to increase.
According to experts, this indicates that investors are starting to hold their assets instead of speculating or trading.
63.15% of Bitcoin’s supply has not moved in at least 1 year.
This is just 0.3% shy of an all-time high. pic.twitter.com/zfcMDrSeGh
— Will Clemente (@WClementeIII) April 2, 2022
Are Long-Term Investors Good for Bitcoin and Cryptocurrency Markets?
When evaluated in terms of traditional economy, the amount of illiquid supply can be seen as negative, but cryptocurrency The increase in unspent coins in the market brings with it an increase in the price of the asset when the simple supply-demand rule is taken into account.
The price of the asset will likely increase as we expect demand to remain the same as there will be less supply available for trading, long-term investment and use.
However, when evaluating Bitcoin, these factors must also be taken into account as the market and investors are exposed to unsuitable investment conditions, regulations and other restrictions.
After four months of correction in the cryptocurrency market, Bitcoin finally broke out of its long-standing price range and climbed back above $45,000. BTC price remained between $37,000 and $45,000 for approximately 55 days.
*Not investment advice.