Bitcoin Supply Inactive For a Year Hits Record High of 70%
⭐️ It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
⭐️ The new lifetime high reflects "a strong belief from bitcoin's holder base in the wake of crypto-wide contagion and macro headwinds after its all-time highs in 2021," according to Reflexivity Research.
⭐️ The percentage of supply that has not moved on-chain in two, three, and five years is also at their respective lifetime highs. It shows long-term investors are in no mood to sell even after bitcoin has more than doubled to $37,000 this year.
