Supply Shock: Bitcoin Changing Hand to Hand Dropped to Record LowsAccording to the latest report from Arcane Research, the Bitcoin supply shock continues as the number of coins changing hands dropped to 2015 levels.
As you can see from the graph below, only 6.8% of the offer moved from one user to another in the last month, while the three-month figure is about 15.8%.
The monthly supply of bitcoins is now at an all-time low, while the three-month supply is at the same level as in 2015.
The recent break above $50K resulted in a slight increase in monthly supply, but this was mainly due to coins that were last sold in 1-3 months. Thus, only short-term holders looking to make a profit moved and sold their bitcoins.
In turn, long-term holders have not moved their coins during the recent spikes. This situation means that they are waiting for the moment when the price will be higher before starting to move their assets for sale.
