30% Of all Bitcoin, unmoved for 5 years…7.5% estimated to be permanently lost

On-chain data analysis company Centora (formerly IntoTheBlock) announced on the 18th that "more than 30% of all Bitcoin (BTC) has not moved even once in the past five years." In addition, Centora added that "about 7.5% of the total Bitcoin volume is estimated to be permanently lost."

This suggests that long-term holders store Bitcoin in wallets for extended periods or, due to personal key loss, the asset is virtually in an uncirculatable state. Particularly, due to the limited supply nature of Bitcoin, the existence of such ‘dormant coins’ and ‘lost coins’ can reduce the actual circulation in the market, which can act as a price-increasing factor.

In the market, such figures are accepted as key grounds for strengthening the scarcity of Bitcoin from the supply side.