Over 50% Of Bitcoin Has Been Dormant For 2 Years: Glassnode

Bitcoin (CRYPTO: BTC) holders are hunkering down, with more than half of the supply remaining dormant over the past two years, according to on-chain analytics provider Glassnode.

Highlights

• Bitcoin BTC/USD holders are hunkering down, with more than half of the supply remaining dormant over the past two years.
• In fact, the percentage of supply that was last active more than two years ago has reached an all-time high of 53%, suggesting that many long-term investors are now reluctant to sell their Bitcoin.
• Nearly 15% of all Bitcoin in circulation has, in fact, remained dormant for a decade.
• At the time of writing, BTC was trading at $28,295.53, up 1.47% in the last 24 hours.
• This amounts to over $150 billion in market cap, which has remained unmoved for half a decade or more.

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