62.5% of $BTC supply hasn't moved in under 4 years. 37.5% locked for 4+ years.
That's 7.54M coins sitting cold. Not selling. Not moving.
Supply shock mechanics in play. When demand spikes, there's less liquid supply to absorb it.
HODLers are dug in. Smart money knows this.
That's 7.54M coins sitting cold. Not selling. Not moving.
Supply shock mechanics in play. When demand spikes, there's less liquid supply to absorb it.
HODLers are dug in. Smart money knows this.