Quick Take
The Bitcoin landscape is witnessing an unprecedented event, as the number of Bitcoins that haven’t been moved for over a decade is nearing the 3 million mark. This represents approximately 15% of the current circulating supply of about 19.5 million Bitcoin.
The trajectory of these unmoved coins has seen steady growth, hitting its first million milestone in November 2019, followed by the second in March 2021. Projections suggest we may see the 3 million mark being surpassed by the close of Q4 2023 or the onset of Q1 2024.
This remarkable trend underscores an interesting contrast when compared to the amount of Bitcoin present on exchanges, currently numbering around 2,294,000. This quantity is outstripped by the growing supply last active over a decade ago, highlighting a significant shift.
This crossover initially occurred in November 2022, and the divergence has only been widening at an increasing rate since then.
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