Crypto.news - Glassnode reports a record 2.9 million BTC, valued at $82.5 billion, untouched for ten years. It underscores long-term holders’ faith amidst market fluctuations.
Glassnode data shows that the amount of Bitcoin that has not been moved for at least ten years just hit a new all-time high of nearly 2,900,000 BTC — or about $82.5 billion.
This means that the quantity of Bitcoin held for at least ten years keeps increasing and reaching new heights, suggesting that long-term investment is alive and kicking.
Similarly, the percentage of Bitcoin’s supply that has not moved for at least five years reached a new record of 29.202% on Aug. 16. Nearly one-third of Bitcoin’s total supply has been kept in a single wallet for at least five years.
The same is true for the percentage of Bitcoin’s supply that was inactive for at least three years, which just hit an all-time high of 40.352% on Aug. 14.
Another chart shows that the amount of Bitcoin held for so long that it may actually be lost just reached a five-year high of 7,818,707.951 BTC — or $222.78 billion. This is calculated by subtracting the liveliness from one and multiplying the resulting number by Bitcoin’s circulating supply.
Liveliness is the ratio of the sum of coin days destroyed and the sum of all coin days ever created — it is a number that increases when long-term holders liquidate their position and falls when they accumulate. Coin days destroyed is the number of coins multiplied by the number of days that have passed since they were last moved.
This article was originally published on Crypto.news
