62% of $BTC supply hasn't moved in 4+ years
12.48M coins = dead hands
7.59M coins = active supply
This is peak illiquidity. Every new buyer is fighting over scraps while long-term holders sit on 2/3 of the float.
Supply shock isn't coming—it's already here.
12.48M coins = dead hands
7.59M coins = active supply
This is peak illiquidity. Every new buyer is fighting over scraps while long-term holders sit on 2/3 of the float.
Supply shock isn't coming—it's already here.