Bitcoin’s 1-Year Active Supply tends to decline during Bear Market movements.
Historically, when the market enters a prolonged downturn, fewer coins move within the 1-year window. Market activity cools down, speculation decreases, and a larger share of $BTC remains untouched for more than 12 months.
The chart shows this behavior quite clearly across different cycles.
Historically, when the market enters a prolonged downturn, fewer coins move within the 1-year window. Market activity cools down, speculation decreases, and a larger share of $BTC remains untouched for more than 12 months.
The chart shows this behavior quite clearly across different cycles.
