BTC Long-Term Holders: 75% of Circulating Supply Dormant for Over Half a Year

IconCryptoNewsTerminal Staff16 Aug, 2024

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BTC Long-Term Holders: 75% of Circulating Supply Dormant for Over Half a Year

Approximately 75% of the circulating supply of Bitcoin (BTC) has not moved in over six months, indicating that long-term holders remain unfazed by recent price fluctuations and are maintaining a bullish stance. This data was reported by Bitcoin Magazine Pro via its official Twitter account. The lack of movement suggests that a significant portion of BTC holders are confident in the long-term prospects of the cryptocurrency and are unwilling to sell at current prices. This could be a positive sign for the future of BTC, as it indicates that there is a strong base of support for the asset. Long-term holders have played a crucial role in the growth and stability of Bitcoin over the years. By holding their BTC, they have helped to reduce volatility and provide a foundation for the cryptocurrency's value. The current data suggests that this group of holders remains optimistic about the future of BTC.

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