Bitcoin’s Long-Term Holders Account for 63% Inactive Supply

A recent Glassnode report reveals that over 63% of Bitcoin supply has remained stagnant for over a year, showcasing the significant trend toward long-term holdings. This inactivity level is reminiscent of historical instances before significant price surges in 2013, 2017, and late 2020, suggesting potential implications for future market dynamics. The report notes that this high level of dormancy could limit Bitcoin’s market responsiveness to external shocks or news events while simultaneously creating a stable foundation for price stability during bear markets.