According to a new report published by Fidelity Digital Assets, Bitcoin, which has not moved in the market for the first time and has been waiting for 10 years or longer $104,455.73 The amount left behind the new amount of new bitcoin produced by mining. The report draws attention to the new supply dynamics that emerged, especially after the Halving in 2024.
INCREASE IN THE LONG TERM BITCOIN quantity
As of June 8, an average of 566 Bitcoin every day exceeds the 10 -year inactivity threshold, while only 450 new Bitcoin is circulating a day. Thus, the growth of Bitcoin supply, defined as “old ,, prevents the amount of circulation with mining. This tendency is interpreted as an indication of the determination of long -term investors to keep their assets in their hands.
In the Fidelity report, the “old” supply increases every day and the daily decrease rate is less than 3 %. “This ratio increases to 13 %for investors holding Bitcoin more than 5 years.”
Fidelity Digital Assets: “The share of the old supply increases every day and daily decreases are rarely seen.”
Since the beginning of 2019, the amount of Bitcoin, which has been waiting for 10 years or more, is increasing regularly. Currently, about 3.4 million Bitcoin is in this category. One -third of this amount, which has a total market value of approximately 360 billion dollars, belongs to Satoshi Nakamoto, which is thought to be the founder of Bitcoin.
In spite of increasing prices, most long -term investors do not dispose of their assets. Today, more than 17 %of Bitcoin, which is in total, has not moved for ten years or more. Moreover, this ratio continues to increase.
Supply constraint and corporate participation
After 2024 Halving, the newly produced bitcoin amount has decreased. The share of long -term beings, defined as Ancient Supply, is regularly referred to the new production. This leads to a decrease in liquid Bitcoin supply and is seen as an element that strengthens investor confidence.
According to the report, after the 2024 US elections, a daily decrease in the old supply was observed for a short time. In this period, mobility was about four times the historical averages. Nevertheless, the general tendency shows that the old supply continues to increase steadily.
Fidelity follows this tendency using a meter called “Ancient Supply Hodl Rate .. This ratio has been positive since April 2024 and supports the permanence of long -term accumulation. According to the project on the coming years, the old supply is expected to reach 20 %of the total in 2028 and 25 %in 2034. If public companies with more than 1,000 Bitcoins are included, the ratio may approach 30 %as of 2035.
As of June 8, 27 public companies have a total of more than 800,000 Bitcoin. Experts foresee that this institutional asset can increase the effect of groups that hold long -term -handed groups by restricting the circulating supply. In other words, although the BTC supply seems to be 21 million, the amount of BTC ready for sale may drop to 14.7 million in the environment where 30 %of the supply remains still. This can only trigger a serious supply scarcity and price increase, considering that the amount of BTC in the hands of companies is running to 1 million.
In the Bitcoin market, the share of beings waiting for 10 years or more grow faster than new mining. It is thought that this can be an impressive element of a constraint of supply creative and investor behavior. The report states that market conditions and corporate investor interest can further strengthen the tendency to keep long -term acquisition in the coming years. In addition, as the amount of bitcoin that is not moved for a long time increases, liquidity in the market may decrease and new dynamics may occur on supply-demand balance. Analysts say that this change should be closely monitored in terms of price and general mobility in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
