New BITCOIN RECORD!!! Bullish as Hell! (Patreon)
Content
80%+ of all Bitcoin has not been moved in 182 days
Bitcoin UTXOs younger than 6 months account for less than 20% of the total supply
This data is significant because it suggests that there is a large amount of Bitcoin that is not being actively traded. This could be due to a number of factors, such as:
- Investors holding Bitcoin for the long term, believing in its potential as a store of value or digital gold.
- Investors know there is a pre halving and post halving run
- SPOT ETF is coming.
The fact that so much Bitcoin is not being actively traded suggests that there is a strong underlying demand for the asset. This could lead to a price increase in the future, especially if the supply of Bitcoin decreases. And EVERYONE knows price will go up - just a matter of when. Nobody in their right mind is selling here - per this chart above... .
Stay well my friends