Luna Collapse 1 Year on: BTC hodlers show resolve

Quick Take Bitcoin supply, last active 1+ year ago, has hit a new all-time high: the percent of circulating supply that has not moved in at least one year. This metric has surpassed 68% for the first time. We are firmly in the capitulation zone from last year’s Luna collapse; these holders have held for […]

Glenn 22 May, 2023 2 min

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Quick Take

Bitcoin supply, last active 1+ year ago, has hit a new all-time high: the percent of circulating supply that has not moved in at least one year.
This metric has surpassed 68% for the first time.
We are firmly in the capitulation zone from last year’s Luna collapse; these holders have held for one turbulent year.
Between April and June 2022, Bitcoin dropped from $48,000 to $19,000.

All other age bands are at all-time highs as well;