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Bitfinex Alpha Report: 69.2% of BTC supply has been dormant for over a year.

2023-08-07 16:13
Odaily News: According to the Bitfinex Alpha report, 69.2% of BTC supply has been dormant for over a year. This trend indicates the widespread adoption of the Hodl strategy by long-term holders and their strong belief in the long-term value of Bitcoin, even during the downturn in the cryptocurrency market over the past year.

CryptoQuant data shows that 55.7% of Bitcoin supply has been dormant for over two years. 40.1% of Bitcoin supply has been dormant for over three years. 29.1% of Bitcoin supply has remained unchanged for over five years.