Supply dynamics shifting hard ๐
51.3% of $BTC supply moved in last 2 years (10.30M)
48.7% untouched for 2+ years (9.79M)
Nearly half the supply is diamond hands territory. The longer coins sit dormant, the tighter liquidity gets when demand spikes.
Old coins waking up = distribution signal
Old coins sleeping = supply shock setup
Watch the 2yr+ cohort. When that number climbs, volatility follows.
51.3% of $BTC supply moved in last 2 years (10.30M)
48.7% untouched for 2+ years (9.79M)
Nearly half the supply is diamond hands territory. The longer coins sit dormant, the tighter liquidity gets when demand spikes.
Old coins waking up = distribution signal
Old coins sleeping = supply shock setup
Watch the 2yr+ cohort. When that number climbs, volatility follows.
