Bitcoin’s supply last active ten years ago just reached a new all-time high, showing that long-term accumulation is continuing to grow despite the market crash caused by the fall of FTX.
Data provided by on-chain analytics service provider Glassnode shows that the amount of Bitcoin supply last active ten years ago or more just reached a new all-time high of 2,548,208 BTC — equivalent to nearly $41 billion as of press time. Glassnode data also shows that the seven-day moving average of the number of Bitcoin’s addesses in loss also reached an all-time high of 21,324,920 addresses.
Such a significant amount of Bitcoin that has not seen any movement since the network’s infancy indicates that either a great amount of BTC has become unreachable or that the holders of that capital are so convinced by Bitcoin’s long-term vision that they were unfazed by its volatility over at least the past decade.
The news follows a recent report that the percentage of bitcoin’s supply last active five or more years ago reached an all-time high of 25.873%.