BTC Supply Percentage Active for More Than 2 Years Reaches Historic High
According to reports, according to Glassnode data, the supply percentage of BTC that has been active for more than 2 years has reached a historic high of 52.948%.
The supply percen
According to reports, according to Glassnode data, the supply percentage of BTC that has been active for more than 2 years has reached a historic high of 52.948%.
The supply percentage of BTC that has been active for over 2 years has reached a historic high
Bitcoin has emerged as one of the most promising and popular cryptocurrencies in the world. With its decentralized nature, Bitcoin has revolutionized the world of finance and investment. Its unique features make it a preferred choice for many people who want to invest in digital assets. Recently, Glassnode data has revealed some interesting information regarding the supply percentage of BTC that has been active for more than 2 years.
Overview:
– Definition of BTC and its background
– Explanation of how Glassnode data works
– Importance of supply percentage of BTC that has been active for more than 2 years
– Information on the current status of BTC supply percentage
– Implications for investors and traders
What is Bitcoin (BTC)?
Bitcoin, commonly known as BTC, is a decentralized digital currency that facilitates the process of transactions on a peer-to-peer network without the involvement of intermediaries. Satoshi Nakamoto, a pseudonym used by the creator of Bitcoin, had the vision to make a secure, transparent, and valuable digital asset that could be decentralized and independent. By using blockchain technology, Nakamoto was able to create a decentralized and secure system for transactions.
Glassnode Data
Glassnode is a blockchain analysis firm that provides data-driven insights into the world of cryptocurrencies. It provides a comprehensive view of on-chain data for various cryptocurrencies, including Bitcoin. Glassnode’s data is essential for traders and investors who want to make informed decisions.
Supply Percentage of BTC Active for More Than 2 Years
According to the latest Glassnode report, the supply percentage of BTC that has been active for more than 2 years has reached a historic high of 52.948%. This data reveals that around 53% of BTC in circulation has been untouched for over two years. This is a significant increase from the previous period when the supply percentage of active BTC was much lower.
Importance of BTC Supply Percentage
The BTC supply percentage serves as a metric to assess the market sentiment and investor behavior. It reflects the holding behavior of investors, as well as their intention to either hold or sell their assets. With the increasing supply percentage of BTC that has been active for more than 2 years, it suggests that investors are more confident in holding their assets for the long term. This sentiment is positive for the overall market, as it reflects the belief in the future of the cryptocurrency.
Implications for Investors and Traders
For traders and investors, the Glassnode report suggests that there is a bullish market sentiment around Bitcoin. With the increasing supply percentage of active BTC, there is the potential for the asset’s value to rise. As Bitcoin is a speculative asset, changes in investor behavior can have a significant impact on its price. This data reflects a positive long-term outlook on the cryptocurrency market.
Conclusion
The Glassnode report on the supply percentage of BTC active for more than 2 years reaching a historic high is a positive sign for the cryptocurrency market. The report indicates that investors are increasingly holding onto their assets, which reflects a long-term bullish sentiment around Bitcoin. This data offers some interesting insights into the behavior of investors and the potential future of the cryptocurrency market.
FAQs
Q: What is the supply percentage of BTC?
A: The supply percentage of BTC is the percentage of BTC in circulation that has been untouched for a specific period.
Q: What is Glassnode?
A: Glassnode is a blockchain analysis firm that provides data-driven insights into the world of cryptocurrencies.
Q: Should I invest in BTC?
A: The decision to invest in BTC is entirely subjective and depends on personal risk appetites and investment goals.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/13753/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Binance: Problems in spot trading have been suspended and efforts are being made to resolve them
On March 24th, Binance said on its social platform that there was a problem affecting Binance\’s spot trading. In the process of trying to resolve this issue as soon as possible, al
-
Why does the GPU display insufficient (why does the GPuz not display graphics memory capacity)
Why is the GPU display insufficient? According to the Coindesk message, the graphics card price has decreased due to insufficient GPU display (the graphics processor cannot use screen scanning). According to GCPU. TOP, although GPU can see transaction records and display block numbers and historical data within a few seconds; But in the past few months, as more and more developers have focused on GPUs, problems have begun to emerge. Why is this situation happening? Because they make it difficult for miners to solve these problems faster, making it difficult for them to operate or upgrade their game system. Therefore, when users need to update their software, they will find some problems in the memory pool to make it more efficient and cost-effective Why does gpuz not display graphics memory capacityEditor’s note: This article is from BlockBeats (ID: blockbeats), author: 0x29, reprinted with authorization by Daily Planet Phase 0 of Ethereum 2.0 has been launched on the test network, but…
-
How CBDCs Can Coexist with Bitcoin and Asset-Backed Stable Currencies
According to reports, when asked how CBDCs issued by potential countries will coexist with Bitcoin or asset backed stable currencies, Katie Fortune, head of CBDC at the Bank of Eng
-
Silicon Valley Bank Trading Suspension and Pre-Market Decline
It was reported that the trading of Silicon Valley Bank (SIVB. O) was temporarily suspended, and the pre-market decline narrowed to 40%.
The trading of…
-
A Crypto Investment Strategy Analysis Based on Lookonchain Monitoring Data
It is reported that according to the monitoring data of Lookonchain, @ Stepnofficial officially unlocked 61.2 million GMTs (worth about 20.6 million US dollars…
-
What does ctr coin mean (ctm coin)
What does ctr coin mean? According to Cointelegraph, ctr coin is a cryptocurren
-
Whale Address Resurfaces After Two Years, Transfers $2.8M Worth of ANKR to Coin An
It is reported that, according to the monitoring data of Lookonchain, a whale address (beginning with \”0x4271\”) that has been dormant for nearly two years tran…
-
Silvergate’s Closure of Payment Network Could Boost Use of Stable Currency in Cryptocurrency Transactions
It is reported that a new study by Kaiko, a digital asset data provider, found that Silvergate\’s decision to close its real-time payment network may promote in…
-
Ankr Announces Infrastructure Support for Polygon zkEVM
On March 29th, according to official news, Web3 infrastructure provider Ankr announced that it would provide infrastructure support for Polygon zkEVM. Through Ankr\’s ready-made sol
-
Trust Wallet Detects WASM Vulnerabilities: What Does It Mean?
On April 22nd, it was reported that Trust Wallet, a cryptocurrency wallet, released the \”WASM vulnerabilities, event updates, and recommended measures\” announcement, which stated t
-
Overnight updates on April 14th at a glance
21:00-7:00 Keywords: Kraken, Sotheby\’s, ChatGPT, dForce, Immutable
Overnight updates on April 14th at a glance
I. Introduction A. Explanation of 21:00-7:00 B. Brief overview -
Coinbase to Launch Euro Stablecoin (EUROC)
On February 22, according to the official news, Coinbase will launch the Euro Coin (EUROC). If the liquidity conditions are met, the transaction will start at …
-
Giant Whale Address Withdraws Nearly $40.5 Million in Encrypted Assets from Coin An in One Hour
According to reports, according to Lookonchain data, a giant whale address withdrew nearly $40.5 million in encrypted assets from Coin An an hour ago. It includes 1149 BTCs (approx
-
Possible Merger between UBS and Credit Suisse
According to reports, according to British media local time on the 17th, UBS Group, another major Swiss bank, is discussing a full or partial acquisition of Credit Suisse Bank. The report quoted several sources as saying that the acquisition plan was encouraged by Swiss banking regulators. The boards of directors of the two banks will meet this weekend to discuss relevant matters. The two banks have not yet commented on this report. British media: UBS Group is negotiating to acquire Credit Suisse Bank Analysis based on this information:According to reports from British media, UBS Group is considering a full or partial acquisition of Credit Suisse Bank. The alleged merger talks between two of Switzerland’s largest banks have gained interest from Swiss banking regulators. Although no official statements have been made by either bank, the boards of directors plan to meet over the weekend to discuss the potential merger. The financial world has been surprised by this news, as both banks…
-
Smooth Labs Secures $2M Seed Round Financing
On March 14, it was reported that the blockchain infrastructure start-up, Smooth Labs, completed a seed round financing of US $2 million, led by NGC Ventures, and participated by Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics. Smooth Labs, a blockchain infrastructure start-up, completed a seed round financing of US $2 million Analysis based on this information:Smooth Labs, a blockchain infrastructure start-up, announced on March 14 that it had successfully raised $2 million in seed round financing. The round was led by NGC Ventures, a blockchain investment firm based in Singapore, with participation from Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics. This financing round marks a significant milestone for Smooth Labs, as it will provide the necessary capital to further develop its blockchain infrastructure platform. The start-up aims to provide enterprise-level solutions to help businesses integrate blockchain technology into their operations. Its platform offers a range of services, including data management, identity verification, smart contract development and…
-
Empower Oversight Backs Technical Policy Expert in SEC-Ripple Cryptocurrency Case
It is reported that Empower Oversight, the US government regulator, issued a document supporting Roslyn Layton, a technical policy expert, to the South Distric…