According to Odaily, data from IntoTheBlock reveals that over 30% of the Bitcoin supply has not moved in the past five years. This statistic is derived from the Unspent Transaction Output (UTXO) model used by many first-generation blockchains, including Bitcoin, to record user funds. The UTXO data allows for the observation of the holding period before holders spend their funds.
While some of the unmoved Bitcoins may be lost, the majority are likely held by long-term holders. This suggests that despite market fluctuations, there remains a group of steadfast Bitcoin believers. The data underscores the resilience of Bitcoin's investor base amidst volatile market conditions, indicating a strong belief in the long-term value of the cryptocurrency.