Real big players are waiting for a real bull market!
Data: More than 30% of Bitcoin supply has never moved in the past 5 years
On July 5, according to IntoTheBlock data, more than 30% of Bitcoin supply has not moved in the past 5 years. Many first-generation blockchains (such as Bitcoin) use the UTXO model to record user funds. Based on UTXO data, it is possible to observe how long holders hold funds before spending them.
Although some of the unmoved Bitcoins may be lost, most of them may belong to long-term holders. This shows that despite market fluctuations, there is still a group of firm Bitcoin believers.
