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HomeCryptoBitfinex reports that over 68.45% of the total supply of Bitcoin has...

Bitfinex reports that over 68.45% of the total supply of Bitcoin has not moved in a year

In a recent report published by Bitfinex, it was revealed that more than 68.45% of the total supply of Bitcoin, or 13.27 million of the 19.4 million BTC in existence, has been dormant for over a year.

This growing trend is a strong indication of a change in attitudes towards Bitcoin ownership. Another important indicator that highlights the long-term accumulation trend is the milestone reached this week, when the number of addresses with 1 BTC crossed the 1 million mark.

The data suggests that these investors have gradually increased their holdings since mid-2021, with little or no apparent reversal in the upward trajectory of their 1-BTC wallets.

This trend will be even more pronounced in 2022 amid a market downturn, leading to a 20% increase in this group.

Bitfinex reiterated its earlier analysis that Bitcoin may be in the early stages of a bull market, as long-term Bitcoin holders remain undaunted despite the current market decline.

The upward trend in long-term holdings, combined with the rise of whales and the benefit of increased transaction fees for miners, paints a picture of a resilient Bitcoin ecosystem.

The data provides insights into the evolving landscape of Bitcoin ownership and market sentiment around it.

With a significant portion of the total supply unchanged for more than a year, this suggests that more and more investors are taking a long-term approach and showing faith in Bitcoin’s future.

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These steady holders contribute to the stability of the cryptocurrency ecosystem when the market fluctuates.

Additionally, the increase in 1 BTC addresses indicates a growing user base and increased interest from private investors.

Passing the 1 million milestone marks a remarkable achievement and demonstrates Bitcoin’s growing accessibility and appeal to a wider audience.

Bitfinex’s report reveals a long-term growth trend of Bitcoin accumulation, with more than 68.45% of the total supply stagnant for more than a year.

WARNING: The information provided by WebsCrypto does not represent any investment proposal. The articles published on this website represent personal opinions only and have nothing to do with WebsCrypto’s official position.

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