Stagnant BTC reached 15 million BTC, unmoved in 6 months

Glassnode knowledge analyzed by CryptoSlate revealed that the overall quantity of Bitcoin (BTC) that was final lively six months in the past reached just under 15 million.

The chart beneath represents the overall BTC provide that has stagnated for no less than six months with the blue space. The info begins from 2010 and reveals a gentle enhance besides for brief intervals in 2018 and late 2021.

The entire provide retreated to round 12 million in 2021 and recorded a 25% enhance to 15 million.

The entire quantity of stagnant cash sometimes grows throughout bear markets as a result of speculators and traders chasing huge returns on their short-term investments depart the market. Nevertheless, affected person long-term traders stay within the crypto sphere and make the most of the inexpensive costs to build up funds.

The chart beneath captures a extra detailed look into the overall stagnant BTC provide. The inexperienced areas point out a rise, whereas the pink ones symbolize a lower within the complete provide ranges.

The info reveals that long-term holders offered round 300,000 BTC between mid-November and mid-December 2022, akin to the FTX collapse interval. Nevertheless, a transparent inexperienced spike has been seen up to now 30 days, indicating that round 250,000 BTC have entered the outdated cash bracket by remaining stagnant for over six months.