Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years
Summary
Almost a third of Bitcoin's supply, specifically 30.7%, has remained dormant for over five years, indicating strong holding behavior among long-term holders (LTHs). This supply consists of Unspent Transaction Outputs (UTXOs) from investors who have not sold or moved their coins since at least August 2019. While many of these coins reflect steadfast conviction, some may be lost due to forgotten existence or inaccessible keys. Earlier in the year, there was a slight decrease in this dormant supply as some investors took profits, but it has since stabilized. Bitcoin's price has recently dropped nearly 4%, reaching $58,100.
