After FTX shock, Bitcoin holders brace for the long haul with record dormancy

Quick Take

Over 70% of the existing Bitcoin supply has remained unmoved for a year, marking a significant rise. This uptick is primarily attributed to the wave of buyers who emerged after the FTX collapse in November last year when Bitcoin fell to $15,500.

The 14-day change in this unmoved supply is one of the most substantial ever seen in Bitcoin. Such drastic changes have only been noted a few times in the history of the digital asset.

Furthermore, long-term holders—investors who have held onto Bitcoin for more than 155 days—are approaching a new milestone with nearly 15 million Bitcoin in possession. This figure represents an all-time high, indicating a strengthening trend towards long-term investment in the currency amid market fluctuations.

The post After FTX shock, Bitcoin holders brace for the long haul with record dormancy appeared first on CryptoSlate.