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Supply Dynamics

Supply Last Active > 1 Year

What Is Supply Last Active > 1 Year?

The percentage of Bitcoin supply that has not moved on-chain for at least one year. Reflects long-term holder conviction and supply removed from active circulation.

How to Interpret

When > 65% of supply is dormant for 1+ year, it indicates strong long-term holder conviction. Declining percentages during bull markets show old supply entering circulation (distribution).

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