Ancient Bitcoin worth over $125 Billion remains untouched after 7 years
Nearly $125 billion worth of Bitcoin has remained untouched for at least seven years, with only 8.3% of all ancient coins ever being spent, according to A blockchain analytics firm
A leading blockchain analytics firm, reports that nearly $125 billion worth of Bitcoin (BTC) has not been touched for at least seven years, and only 8.3% of all ancient coins have ever been spent. The analytics firm explains that the untouched coins could either be dormant or lost forever. It also analyzes its supply-per-whale metric, which reveals that the average amount of BTC held by whales has remained relatively static for several months, but each whale is owning a smaller and smaller percentage of the Bitcoin market cap on average.
The supply in profit/loss metric also catches our attention, showing that more and more market participants are in the green as time passes, indicating that a sell-off event might be on the horizon. With Bitcoin's strong opening to 2023, the aggregate market has confidently moved out of a regime of unrealized loss towards one of unrealized profit. This is demonstrated by the sharp divergence between supply held in profit vs. loss, which suggests that the incentive to take profits is growing.
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