60% of BITCOIN hasn’t MOVED IN A YEAR
— despite a 220% price bump in 2019

-60% of bitcoin’s circulating supply hasn’t moved in at least a year, and 21.5% of circulating bitcoin hasn’t moved in five years.

-Longterm bitcoin holders aren’t selling; new holders are.
“The new sellers are actually mostly individuals who’ve been holding for three-to-six months.

-The price of bitcoin has risen over 220% since January — but longterm holders are keeping their cool.

Instead, bitcoin’s stellar second quarter actually attracted a steady stream of new sellers to the market, reports independent research firm Delphi Digital.

“The active portion of [bitcoin] supply, which we categorize as the coins that have moved within the last three months, is beginning to slightly increase,” said Delphi Digital. “The new sellers are actually mostly individuals who’ve been holding for three-to-six months.”

21.5% of circulating bitcoin hasn’t moved in five years

Delphi Digital determines how long bitcoin has been held by sorting its ” Unspent Transaction Output” (UXTO) data. The length of time an amount of bitcoin stays put is referred to as its “UXTO age.”

The cumulative UXTO age of all the bitcoins tells us how long the overall market has been holding. bitcoin’s UXTO age rises as holders refuse to sell, and it falls as more of its circulating supply is used regularly.

Source:https://www.businessinsider.com/60-percent-bitcoin-hasnt-mo…