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The active supply ratio of BTC and ETH has risen to 37% in one year
9hours ago

Odaily Planet Daily News: A whale investor from the "Satoshi era" recently completed an over-the-counter Bitcoin transaction through Galaxy, transferring more than 80,000 BTC (worth more than $9 billion), bringing the active supply ratio of Bitcoin within a year to 37%, the same as Ethereum, showing that the supply dynamics of the two major crypto assets are converging. Despite the astonishing scale of transactions, the price of Bitcoin remains stable at about $118,000, reflecting the market's significantly enhanced ability to withstand institutional-level selling pressure. The industry believes that OTC platforms such as Galaxy are becoming a key channel for whale transactions to avoid disrupting the spot market. The incident also aroused the market's attention to the true activity of "dormant Bitcoin". It is currently estimated that 2.3 million to 3.7 million BTC may be permanently lost, accounting for more than 10% of the total. But this transaction shows that some of the bitcoins considered "lost" may just be held for a long time.