Data: Over 30% of Bitcoin Supply Hasn't Moved in the Last 5 Years
Bitget2024/07/05 08:25
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According to intotheblock data, over 30% of the Bitcoin supply has not moved in the last 5 years.
Many first-generation blockchains, such as Bitcoin, use the UTXO model to keep track of user funds. Based on UTXO data, it is possible to observe how long holders hold before spending their funds.
While some of the unmoved bitcoins may be lost, the majority may belong to long-term holders. This suggests that despite market volatility, there is still a group of strong Bitcoin believers.
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