Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High

The unmoved supply of bitcoin continues to grow despite declining prices. This has various implications for the digital asset, with the major one being the volume of available supply in the open market. For most bull rallies in the past, this unmoved supply had remained low, declining at points where investors dumped their bags to avoid the crash. But this illiquid supply is once again on the rise. 60% Of Bitcoin In Unmoved Supply Bitcoin has maintained its position as the leading crypto investment. This is why owning the cryptocurrency is one of the most coveted positions in the space. However, instead of buying these digital assets and selling them for a profit at a later date, holders of the majority of the supply have opted to hold onto their coins, leading to the large portion of supply being unmoved for a long time. Related Reading | What’s Intel CEO Pat Gelsinger Saying While Promoting The Bitcoin Mining Chip? These bitcoins have not been transferred in at least one year and have remained untouched in that timeframe. On-chain data shows that these investors are picking holding for the long-term rather than short-term gains. As far as investing, these investors have either continued to increase their balances or at the very least, maintained their holdings. This long-term holding sentiment has led to over 60% of all BTC supply remaining in place for the past year. BTC reverses above $39,000 | Source: BTCUSD on ...