$BTC Bitcoin's Supply ls Getting Older
A growing share of $BTC hasn't moved
for years. Recent on-chain data shows
long-term holders continuing to control a
large portion of Bitcoin's circulating supply,
even after the market's major price swings.
That matters because Bitcoin's headline
supply and its tradable supply are two
different things. Coins sitting untouched in
long-term wallets aren't necessarily
available when a new buyer enters the
market.
But I wouldn't automatically call old supply
bullish. Dormant coins can wake up, and
long-term holders often become an
important source of selling when prices rise
enough.
That's why l'd rather watch when old Bitcoin
starts moving again than simply celebrate
the fact that it hasn't moved yet.
#NEARRisesNearly80%InAWeek #MultiversXPlansHardForkRecovery #CircleLaunchesInstitutionalBTCBackedBorrowing #ZetaChainVotesToMigrateZETAToSolana #ECBStartsBlockchainEuroSettlement