Summary
- According to the on-chain data analytics company Sentora, over 30% of the total Bitcoin supply has not moved for more than 5 years.
- This indicates that a significant portion of the total supply is being held long-term or may have been lost.
- Sentora added that it is estimated that more than 7.5% of the total Bitcoin supply is permanently lost.
There are observations that the volume of long-term unmoved Bitcoin (BTC) supply is steadily increasing.
On the 18th, the on-chain data analytics company Sentora (formerly IntoTheBlock) stated, "More than 30% of all Bitcoin has not been moved in over 5 years." This suggests that a significant portion of the supply is either being held long-term or might be lost.
Sentora also added, "It is estimated that more than 7.5% of the total supply has been permanently lost." This includes factors such as lost private keys or irrecoverable wallets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
