Market intelligence firm Glassnode's data has shown that the rate of unmoved bitcoins (BTC) in the last two years has broken a new record, reaching 53%.
The new figure means that at least one of every two BTC in circulation has not been traded since 2021.
- The data suggests that people who purchased BTC more than two years ago do not want to sell their assets.
- The
famous crypto investor Anthony Pompliano also said on Twitter that 29%
of circulating bitcoins, accounting for a $150B market cap, did not move
in five years.
- Furthermore, Glassnode's data pointed out that 15% of all BTC in circulation has stayed the same over a decade.
- Pompliano
added that over 2.7M BTC, worth over $76B, are either lost, forgotten,
or held by the most disciplined investors in the world.
- Despite
the recent rally that caused BTC to increase its value by $8,500, the
leading cryptocurrency's price is still down nearly 60% from its
all-time high in November 2021.
