•Glassnode reports a record 2.9 million Bitcoin, valued at $82.5 billion, untouched for ten years.
•The amount of Bitcoin held for at least ten years just hit a new all-time high of nearly 2,900,000 BTC — or about $82.5 billion.
•The percentage of Bitcoin’s supply that has not moved for at least five years reached a new record of 29.202%.
Record Amount Of Unmoved Bitcoins Hits All-Time High
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 demonstrates long-term holders’ faith amidst market fluctuations and increasing investment in the cryptocurrency market.
Percentage Of Supply That Has Not Moved For At Least Five Years Reaches Record High
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 14th as well as the amount held so long it may be lost which just reached 7,818,707 BTC (or $222 billion).
Coin Days Destroyed Increases As Long Term Holders Liquidate Positions
Liveliness is calculated by subtracting the liveliness from one and multiplying the resulting number by Bitcoin’s circulating supply; this number increases when long term holders liquidate their positions and decreases when they accumulate them again/ Coin days destroyed is used to calculate this metric and is defined as the number of coins multiplied by the number of days since they were last moved around in wallets/transactions .
Third Party Companies Collaborate To Enhance Crypto Purchases
Ledger recently partnered with PayPal to allow users to purchase crypto through their platform easily and securely while Mastercard announced its collaboration with blockchain leaders to enable customers to use cryptocurrencies on its network . These collaborative efforts work towards making cryptocurrency more accessible to users worldwide while also providing additional security measures to ensure customer safety .
The latest data from Glassnode suggests that despite market fluctuations many investors are still willing to hold onto their Bitcoin investments over extended periods , demonstrating faith in its future prospects . Additionally , third party companies like Mastercard & PayPal are looking into ways to make crypto purchases more secure & accessible , helping further increase awareness & adoption rates amongst potential investors .