Over 46% of Bitcoin’s circulating supply hasn’t moved in 3+ ye | Coins▪︎Trading▪︎Crypto News
Over 46% of Bitcoin’s circulating supply hasn’t moved in 3+ years
Recent data from Glassnode reveals intriguing shifts in Bitcoin's supply dynamics, particularly in the supply last active (SLA) cohorts. As 2023 waned, these metrics reached all-time highs, painting a picture of enduring confidence among long-term holders (LTHs). However, the landscape quickly changed with the introduction of the US Bitcoin ETF. This development, coupled with significant outflows and selling actions by LTHs, prompted a noteworthy adjustment in the availability of long-held Bitcoins.
