Bitcoin in circulation: Over 50% not moved in 2 years, Glassnode says
Some believe that investors who bought during Bitcoin’s all-time high price are waiting for the right time to sell. More than half of Bitcoin (BTC) in circulation has not been touched for two years, according to data compiled by the crypto analytics platform Glassnode. On April 10, crypto influencer Anthony Pompliano highlighted that 53% of Bitcoin’s circulating supply has been inactive in the last two years . Citing Data published by Glassnode, Pompliano pointed out that this is a new all-time high for this specific metric tracked by the Data platform. More than 1 out of every 2 bitcoin in circulation has not moved in the last 2 years. We hit a new all-time high of 53% today. pic.twitter.com/W6GzopMAtu — Pomp (@APompliano) April 10, 2023 In addition, the crypto entrepreneur also pointed toward other metrics such as Bitcoin, which has not been moved in 5 and 10 years. According to the data, almost 29% of Bitcoin’s circulating supply has not been moved in the last five years....