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Dormant State of Bitcoins Older than 6 Months

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It is reported that the total supply of bitcoins older than 6 months has reached 14.993 million, close to the historical peak (ATH is 15.029 million), while th…

Dormant State of Bitcoins Older than 6 Months

It is reported that the total supply of bitcoins older than 6 months has reached 14.993 million, close to the historical peak (ATH is 15.029 million), while the total supply of bitcoins younger than 6 months has not increased significantly since 2023, hovering around 4.298 million BTCs, which means that bitcoins older than 6 months are generally in a dormant state. In addition, Glassnode also found that only 4.123% of all the transactions sold were Bitcoin older than 6 months.

Bitcoin older than 6 months is currently in a dormant state

Analysis based on this information:


The recent report on the total supply of bitcoins older than 6 months and the ones younger than that highlights an interesting trend in the cryptocurrency market. According to the report, the total supply of bitcoins older than 6 months has reached 14.993 million, which is very close to the historical peak of 15.029 million. However, the supply of bitcoins younger than 6 months has remained stagnant at around 4.298 million BTCs since 2023. This means that bitcoins older than 6 months are mostly in a dormant state, which could be an indicator of investor behavior in the market.

The report also indicates that only 4.123% of all the transactions that were sold were Bitcoin older than 6 months. This suggests that investors and traders are mostly interested in bitcoins that are younger than 6 months. It could be because newer bitcoins are considered to be more valuable in the current market scenario, or investors are looking to capitalize on short-term gains.

However, the dormant state of bitcoins older than 6 months could have several implications in the long run. Firstly, it could lead to a scarcity of bitcoins in the market, which could drive up their prices in the future. Secondly, it could also affect the liquidity of the cryptocurrency market, as most of the bitcoins would be hoarded by investors and not actively traded. This could lead to a lack of market activity and volatility, making it difficult for investors to take advantage of price fluctuations.

Moreover, the report also highlights the importance of understanding the age of bitcoins while analyzing market trends. In the past, there have been instances where large amounts of older bitcoins have been sold in the market, leading to a significant decline in their prices. By understanding the age of bitcoins and their supply, investors can better predict market trends and make informed decisions.

In conclusion, the report on the supply of bitcoins older than 6 months and the ones younger than that sheds light on an interesting trend in the cryptocurrency market. The dormant state of older bitcoins could have several implications in the long run, and investors should be mindful of this while making investment decisions. Understanding the age of bitcoins could also help investors predict market trends better and make sound investment choices.

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