Over half of Bitcoin has remained inactive for over a year, according to recent data revealing a significant trend in the cryptocurrency market. This signifies long-term holder conviction and impacts current sell-side supply dynamics during heightened institutional ETF inflows. This phenomenon fuels an intriguing dynamic that showcases both market stability and price discovery. 61% of Bitcoin (BTC) has not moved for more than a year, highlighting strong conviction from long-term holders. These include approximately 17% held for over a decade – showcasing deep belief in the future role of Bitcoin as a store of value amidst ongoing macroeconomic shifts. The phenomenon is further fueled by recent institutional inflows into spot Bitcoin ETFs, reaching $5.95 billion recently, indicating high demand absorption and a bullish price signal. As Michael Saylor, Executive Chairman of MicroStrategy, explains: ‘Strong hands are the foundation of Bitcoin’s price discovery’. This strong holder conviction impacts financial markets by reducing available supply, creating new demand pressures, and potentially driving prices upward. The current market dynamics suggest significant potential for growth in the long-term, potentially impacting broader market trends, including Ethereum’s performance. This phenomenon may influence regulatory decisions supporting increased market liquidity and accessibility, further bolstering Bitcoin’s status as a technology-forward asset within the evolving financial landscape.