40% of $BTC supply hasn't moved since 2022 or earlier — that's 8.11M coins sitting cold.
The other 60% (11.95M) has been active in the last 4 years.
Long-term holders are not budging. This is conviction at scale.
Supply shock mechanics in play if demand ramps.
The other 60% (11.95M) has been active in the last 4 years.
Long-term holders are not budging. This is conviction at scale.
Supply shock mechanics in play if demand ramps.