Bitcoin’s most active supply hits 8-year low

08/25/2023 08:00
Bitcoin’s most active supply hits 8-year low

Bitcoin's supply last active less than a month ago reached an 8-year low, indicating a shift from trading to holding.

Bitcoin’s most active supply hits 8-year low Bitcoin’s most active supply hits 8-year low 27 seconds ago · 3 min read

Bitcoin’s supply dynamics are helpful when analyzing the market, as they provide a window into the trading behavior of its vast user base.

3 min read

Updated: August 24, 2023 at 10:57 pm

Bitcoin’s most active supply hits 8-year low

Cover art/illustration via CryptoSlate

Bitcoin's supply last active less than a month ago, a subtle but crucial market indicator, has hit an 8-year low, suggesting a decrease in day-to-day trading activity. This could indicate traders shifting from active transactions to holding coins, but what does this mean for the market's overall stability or potential stagnation? Interestingly, this trend witnessed a stark anomaly during the FTX collapse of November 2022, when 'hot coins' surged amidst a significant price downturn... How did this unusual activity impact the market sentiment? Find out more in the full article...

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