“94.8% of supply did not budge over the last month, the highest reading in history.
Only a small amount of flows are needed to absolutely send this thing.” – Dylan
The level of conviction of bitcoiners continues to grow day by day.
🫡
10 thoughts on “94.8% of supply did not budge over the last month”
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The squeeze after halving gonna make GME look like child’s play
If this metric is true, that means there is 5.2% of Bitcoin that is liquid, the current supply is 19.2M BTC.. so 5.2% of 19 is about 1M BTC that is responsible for the current price action on the world markets??
> A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Whatever muppet wrote that didn’t realize that the most celebrated use case for bitcoin would be not being used. Imagine using the network for online payments, or sending value? And as for ‘without going through a financial institution’ – what tiny fraction of users have ever posted a transaction where the sender or receiver wasn’t an exchange account?
The hodlers are going strong!
We hold with an iron fist!
What does that mean ?
Most people realize now is the time to sit and HODL
How do graphs like that (seen those before) handle the newly created supply. Are newly mined coins considered to have moved, or not until they are sent somewhere?
If a coin is newly mined and sits with it’s owner for 1/2 month, would it part of the 5.2% here? As an example.
Its called Hodling
Weak hands -> strong hands. Every time.