#比特币重复使用地址持有433万枚btc
👉 链上筹码怎么看，币安聊天室跟进
An on-chain analysis came up with a figure.
Previously reused addresses hold a total of 4.33 million BTC.
That’s more than 20% of the total supply.
What are these addresses?
Most belong to old wallets.
Some haven’t moved in ten years.
Their private keys may be lost.
These are generally known as dormant wallets.
Others belong to exchanges and custodians that reuse addresses.
What does this tell us?
Some coins have sunk into silence.
The amount in circulation is smaller than the numbers suggest.
Prices are more sensitive to marginal buying and selling.
Exchange hot and cold wallets are also included in this group of addresses.
Their frequent transactions can lead them to be miscounted as long-term holdings.
They need to be excluded from the analysis.
There’s another side to this: risk.
If an old wallet is compromised, the selling pressure could hit immediately.
Holders with poor key management are the weakest link in the chain.
Lost coins won’t come back, leaving supply even tighter.
For the market, dormant coins are both ballast and a hidden risk.
In crypto, the habit of reusing addresses still hasn’t changed. That alone is a security debt.
Do you think the coins in old wallets will ever come back? Share your thoughts in the comments.
👉 链上筹码怎么看，币安聊天室跟进
An on-chain analysis came up with a figure.
Previously reused addresses hold a total of 4.33 million BTC.
That’s more than 20% of the total supply.
What are these addresses?
Most belong to old wallets.
Some haven’t moved in ten years.
Their private keys may be lost.
These are generally known as dormant wallets.
Others belong to exchanges and custodians that reuse addresses.
What does this tell us?
Some coins have sunk into silence.
The amount in circulation is smaller than the numbers suggest.
Prices are more sensitive to marginal buying and selling.
Exchange hot and cold wallets are also included in this group of addresses.
Their frequent transactions can lead them to be miscounted as long-term holdings.
They need to be excluded from the analysis.
There’s another side to this: risk.
If an old wallet is compromised, the selling pressure could hit immediately.
Holders with poor key management are the weakest link in the chain.
Lost coins won’t come back, leaving supply even tighter.
For the market, dormant coins are both ballast and a hidden risk.
In crypto, the habit of reusing addresses still hasn’t changed. That alone is a security debt.
Do you think the coins in old wallets will ever come back? Share your thoughts in the comments.