More than 15% of the existing Bitcoin (BTC) supply has not moved in 12 to 18 months. This confirms that the second half of 2018 was an accumulation season, as much of the BTC acquired during that period has not moved since.
According to Unchained Capital’s ‘Hodlwaves’, which determines the velocity of Bitcoins circulated by monitoring Bitcoin Unspent Transaction Outputs (UXTOs), 41.6% of BTC supply moved over the past year.
Continue Reading on Coin Telegraph