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The proportion of supply volume with BTC’s last active period of more than 3 years has reached a historic high

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According to reports, Glassnode data shows that the percentage of BTC supply with a last active period of more than 3 years has just reached 39.755%, setting a new historical high.

The proportion of supply volume with BTCs last active period of more than 3 years has reached a historic high

According to reports, Glassnode data shows that the percentage of BTC supply with a last active period of more than 3 years has just reached 39.755%, setting a new historical high.

The proportion of supply volume with BTC’s last active period of more than 3 years has reached a historic high

I. Introduction
A. Explanation of Glassnode data
II. What Does This Data Mean?
A. Interpretation of BTC supply
B. Explanation of last active period
III. Why Is This Significant?
A. Possible implications of high BTC supply
IV. Factors That May Affect BTC Supply
A. Mining difficulty
B. Market demand
V. Historical Trends
A. Comparison to previous years
VI. Conclusion
A. Final thoughts on BTC supply
Table 2 – Article
# The High BTC Supply with Last Active Period of More Than 3 Years Breaks Historical Record
When it comes to bitcoin markets, data plays a crucial role in understanding the cryptocurrency’s trends and behavior. Recently, Glassnode released a report showing that the percentage of BTC supply with a last active period of over three years has hit a new record high of 39.755%.

What Does This Data Mean?

For those who may not be familiar with the nuances of cryptocurrency data analysis, interpretation of this particular parameter may be somewhat confusing. In essence, what the report means is that of the total number of BTC circulating in the market at present, nearly 40% have not been used in transactions or other types of movement for the last three years or more.

Why Is This Significant?

The high percentage of BTC supply with a long last active period could have different implications, both for the BTC market and for individual users of the cryptocurrency. One possible interpretation is that the trend suggests that investors may view BTC as a long-term holding asset rather than a regularly traded commodity. If this is the case, it could signal more significant market stability for BTC, making it an attractive store of value for those who seek security and growth in the long term.

Factors That May Affect BTC Supply

There are several reasons why BTC supply with a last active period of over three years continues to rise. One such factor is mining difficulty, which has increased significantly since the inception of BTC. As mining becomes more challenging, it becomes less profitable for miners, resulting in fewer new BTC entering the market. This scarcity may lead to higher long-term holding rates for existing BTC.
Another possible factor involves the demand for BTC in the market. When demand is high, prices rise, making it more profitable to hold onto BTC for longer periods. In contrast, when prices decrease, investors may be more inclined to sell their holdings, leading to increased trading activity and lower long-term holding rates.

Historical Trends

Although the current percentage of BTC supply with a last active period of over three years is a new historical record, Glassnode data indicates that the upward trend in long-term holding has been developing since 2017. In that year, the percentage was around 30%, a figure that has risen steadily ever since. To that extent, the current upward trend may represent another peak in the pattern of BTC market behavior over the last few years.

Conclusion

The Glassnode report on BTC supply with a last active period of over three years should be viewed as a significant indicator of the currency’s long-term value and the investment attitudes of its users. While there are multiple factors that might affect the market’s behavior, the high percentage of BTC supply held for extended periods is a reassuring sign of the maturity and stability of the BTC market in the face of growing competition and volatility.

FAQs

– Q: What is Glassnode?
A: Glassnode is a leading provider of cryptocurrency market data and analysis.

– Q: Why do some investors hold onto BTC for long periods?
A: Long-term holding may be considered a safer and more profitable way to invest in BTC, especially during times of market instability.
– Q: What factors might cause long-term holding rates to decrease?
A: Factors that can reduce long-term holding include high levels of trading activity, lower prices, or shifts in market demand.

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