45% of Bitcoin hasn't moved in 3+ years. - 11% of Bitcoin hasn't been touched for 5 to 7 years, bringing back memories of 2017. - 17% moved in 3 months, down from 19.4%. - Crypto exchanges witness a 3-day streak of BTC inflows worth $525M. Possible profit-taking or altcoin entry. In the past three months, three of the biggest days for money leaving crypto exchanges occurred since the FTX issue in November 2022. Overall, about 50,000 Bitcoins, worth $3.33 billion, have been withdrawn from exchanges this year. More coins are staying idle for longer periods as warmer-colored bands dominate the supply.
Bitcoin Reserves Held by Miners Witness Notable Decline Ahead of Halving: CryptoQuant
A significant shift is occurring in the Bitcoin mining landscape as the fourth halving event approaches, which is set to reduce the supply subsidy of BTC from 6.25 BTC for every block to 3.125 BTC per one. With approximately just 82 days left, Bitcoin miners appear to be selling their reserves, according to the latest analysis by CryptoQuant.