More than 30% of the entire Bitcoin, Asleep for over 5 years

More than 30% of the total Bitcoin (BTC) supply has remained in a 'dormant state' without any movement for the past 5 years.

On the 6th (local time), Cointelegraph, citing on-chain data, reported that 30.4% of the total BTC has no transfer history for over 5 years. This means that more than 6 million Bitcoins are tied up in long-term holders or lost wallets.

This figure further highlights the unique scarcity and supply limitations of Bitcoin, strengthening the analysis that the actually available BTC quantity in the market may be much smaller. In particular, as long-term holding quantities increase, short-term selling pressure decreases, and price volatility tends to decrease.

Experts interpret the increase in such 'inactive BTC' as evidence that more investors perceive Bitcoin as a long-term value storage means like digital gold. Meanwhile, warnings are simultaneously being raised that some of the dormant BTC, possibly originating from early miners' wallets, could have a significant impact on the market with just a single movement.