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).
More Supply Dynamics Metrics
Circulating Supply
The total number of Bitcoin currently in existence, approaching the fixed maximum of 21 million. Increases with each block reward. Currently approximately 19.7 million BTC.
HODL Waves
A visualization of Bitcoin's UTXO set age distribution over time. Shows what percentage of supply has been held for various time periods (< 1 day to 10+ years), creating colorful wave patterns.
Revived Supply
The volume of previously dormant coins (held for 1+ years) that have moved on-chain. These are considered 'revived' as they break their dormancy to transact.
HODLer Net Position Change
Measures the 30-day net change in supply held by long-term holders. Positive = HODLers accumulating more than distributing. Negative = HODLers net distributing.