The dormant supply of Bitcoin for 12 months has dropped from 70% at the beginning of 2024 to 66%
According to CryptoSlate, the active supply of Bitcoin has recently shown a downward trend. The proportion of dormant supply has dropped from about 70% at the beginning of 2024 to about 66% at the end of July. Historically, changes in the proportion of dormant supply have been associated with significant price fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Japan Post Bank, Shinoken, and DeCurret DCP pilot tokenized deposit payments for real estate transactions
Data: US crypto-related stocks mostly rise in pre-market trading, Bitmine up 3.79%