Bitcoin Supply Last Active Hits All-Time High, Indicating Strong Fundamentals

• Bitcoin’s Supply Last Active in all categories has hit an all-time high, surpassing the depths of the 2015 bear market.
• The Supply Last Active shows that 67% of the circulating supply has not moved in at least 1 year, 47% in 2 years, 39% in 3 years, and 27% in 5 years.
• Research Analyst James Van Straten at CryptoSlate is passionate about data, technology and identifying trends and sees Bitcoin as the greatest invention of the 21st century.

The recent data from the crypto analytics company Glassnode has shown that the Supply Last Active in all categories has hit an all-time high. This metric is defined as the percent of circulating supply that has not moved in at least 1, 2, 3 or 5 years and has surpassed the depths of the 2015 bear market. According to the data, 67% of the circulating supply has not moved in at least 1 year, 47% in 2 years, 39% in 3 years, and 27% in 5 years. This is a significant increase from the previous all-time high of 60.6%, recorded in November 2020.

The data further shows that the accumulation of Bitcoin has been on the rise since the start of 2018. This is a sign of increasing investor confidence in the asset as well as an indicator of the strong fundamentals of the cryptocurrency. It also suggests that there has been a shift in investors’ mindset towards the long-term prospects of the asset.

Research Analyst James Van Straten at CryptoSlate is passionate about data, technology and identifying trends. He sees Bitcoin as the greatest invention of the 21st century and believes that the recent increase in Supply Last Active is an indication of the increasing investor confidence and long-term prospects of the asset. He further believes that the growth in Bitcoin’s Supply Last Active will continue going forward.

It is worth noting that the data from Glassnode also shows that the percentage of circulating supply that has moved in the last year has also increased significantly. This indicates that the asset is being actively traded and is also a sign of the increasing liquidity of the asset.

Overall, the data from Glassnode is a positive sign for the future of Bitcoin and indicates that the asset is becoming increasingly attractive to investors. The increasing Supply Last Active and the increasing liquidity of the asset are both indications of increasing investor confidence and suggest that the asset is well positioned to continue its growth in the coming years.