$BTC supply distribution by halving epoch is wild
Epoch 0: 2.40M
Epoch 1: 1.13M
Epoch 2: 2.01M
Epoch 3: 3.70M
Epoch 4: 10.84M
Most supply sitting in Epoch 4 means majority of holders accumulated post-2020. These are the diamond hands that survived Luna, FTX, and the bear.
Early epochs? OG wallets. Lost keys. Satoshi stash. Immovable.
Supply shock thesis still valid. New buyers fighting over scraps while old coins stay dormant.
Epoch 0: 2.40M
Epoch 1: 1.13M
Epoch 2: 2.01M
Epoch 3: 3.70M
Epoch 4: 10.84M
Most supply sitting in Epoch 4 means majority of holders accumulated post-2020. These are the diamond hands that survived Luna, FTX, and the bear.
Early epochs? OG wallets. Lost keys. Satoshi stash. Immovable.
Supply shock thesis still valid. New buyers fighting over scraps while old coins stay dormant.
