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;
- SLA 2+ years: 55.19%
- SLA 3+ years: 40.03%
- SLA 5+ years: 28.877%
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