您现在的位置是:Study Finds That 63% Of Bitcoin’s Supply Is Inactive >>正文
Study Finds That 63% Of Bitcoin’s Supply Is Inactive
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛1563人已围观
简介A new study has shown a shocking revelation that ‘hodlers’ control a huge chunk of Bitco...
A new study has shown a shocking revelation that ‘hodlers’ control a huge chunk of Bitcoin’s circulating supply, even as the number of new participants joining the network increases
The current trend of Bitcoin’s price is far from inspiring, especially for short-term investors. The BTC/USD market has been swinging between $10,200 and $11,200 as bears and bulls seemingly reach an impasse.
In addition, trading volume has gradually decreased during this consolidation phase – an action that strongly suggests crypto users are currently on the sidelines. A clearer direction, or perhaps indication from the market, will likely encourage traders to take more positions, however until then, they appear to be watching from the sidelines.
Data obtained from a recently concluded study shows a new trend that is promising for BTC’s macro outlook. Bitcoin’s total supply is dominated by long-term investors who are not in as much hurry to make moves. This is according to Glassnode, an analytics platform that studies and generates on-chain metrics for digital asset enthusiasts.
The blockchain data & intelligence provider posted a tweet highlighting that a BTC volume equivalent to 63.3% has not witnessed any transfers in over a year. Glassnode went on to add that a volume equivalent to 31.4% of the total supply has not seen any movement in over three years.
“Percent of Bitcoin supply that hasn’t moved in… 1+ years: 63.3% (11.7 million BTC) 2+ years: 44.5% (8.2 million BTC) 3+ years: 31.4% (5.8 million BTC)”.
This implies that the recent volatility and shift has been a result of a minority group of active traders, while the base supply stays inactive.
Looking at these findings from a different perspective, the trend seems to be potentially bullish for Bitcoin. Since the majority of Bitcoin’s investor base is taking the long-term route, it is improbable they’ll move to sell into any upwards movement witnessed soon.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/381728.html
相关文章
dYdX Chain enters Beta Mainnet stage, launches active trading across 33 markets
Study Finds That 63% Of Bitcoin’s Supply Is InactivedYdX Chain Beta Mainnet launch enables active trading across 33 markets.Users can trade on dydx.trad...
阅读更多
DeFiChain Community Brings Attractive Rewards For DFI ERC
Study Finds That 63% Of Bitcoin’s Supply Is InactiveSingapore, Singapore, 7th August, 2022, ChainwireDeFiChain, the world’s leading blockchain on...
阅读更多
Is the Spell Token a buy as it forms an inverted H&S pattern?
Study Finds That 63% Of Bitcoin’s Supply Is InactiveSpell Token price surged to the highest level since May 22nd even as other cryptocurrency prices dro...
阅读更多
热门文章
- Korea Blockchain Association Requests Delay on Crypto Tax
- Buy Chainlink on a retracement as momentum remains strong
- Paypal To Enable Customers To Buy And Sell Cryptocurrencies
- US regulators turn attention to crypto amid Celsius' troubles
- Brock Pierce Receives Court Summons At His Own Campaign
- FTX Estate stakes $122M Solana (SOL) tokens, alleviating investor concerns
最新文章
Why a Bitcoin rally could mean big business for NUGX as whales diversify
Shiba Inu price update as developers tease the much
Top analyst on BTC price bottom: This is what past halvings suggest
Banxa partners with the AAX exchange
Polkadot (DOT) surges 8% with staking dashboard upgrade
ApeSwap integrates Chainlink Keepers