BTC Supply with Last Active Period of 5-7 Years Reaches One-Month Low
According to reports, Glassnodes data shows that the supply of BTC with a last active period of 5-7 years has just reached a one month low of 1630490.757 BTC.
BTC\’s last active 5-7
According to reports, Glassnodes data shows that the supply of BTC with a last active period of 5-7 years has just reached a one month low of 1630490.757 BTC.
BTC’s last active 5-7 years of supply reached a one month low
Bitcoin (BTC) has gained much attention in the last decade. It is a decentralized digital currency that allows instant transactions without a middleman, relying on cryptography for its security. BTC has a finite supply of about 21 million, which decreases through time as more units get mined. However, the circulating supply is not static as some holders move their coins around or lock them for different periods. Recently, Glassnode, a blockchain data analytics firm, reported that the supply of BTC with a last active period of 5-7 years has reached a one-month low of 1,630,490.757 BTC. Let’s explore what this means and its implications for the cryptocurrency market.
What is BTC Supply with a Last Active Period of 5-7 Years?
First, we need to understand what is meant by the term “last active period.” It refers to the time elapsed since bitcoins were moved from a particular address. For instance, if someone sent BTC from their wallet five years ago, the last active period of that address would be five years. Similarly, if another user moved their coins from their wallet yesterday, the last active period of that address would be one day. The supply of BTC with a last active period of 5-7 years, therefore, refers to the number of coins that have not moved for this period.
What Does the One-Month Low of 1,630,490.757 BTC Signify?
The recent report by Glassnode indicates that the supply of BTC with a last active period of 5-7 years has just hit a one-month low of 1,630,490.757 BTC. This means that a large volume of coins that have been dormant for the specified duration have moved out of their wallets. Some investors could have sold their BTC, while others might have transferred their holdings to different addresses. The exact reasons for this movement are not clear, but it could be attributed to several factors such as market sentiments, institutional investors’ moves, or individual traders’ decisions.
Implications for the Cryptocurrency Market
The decrease in the supply of BTC with a last active period of 5-7 years can have multiple effects on the crypto market. Firstly, it could indicate a shift in investors’ perceptions towards the digital currency. If holders of large amounts of BTC moves their coins out of storage, they might expect a decline in BTC’s value or increase in other investment opportunities. Additionally, this could mean that they are looking to sell their BTC or use it for other purposes, which could result in price drops or volatility. However, there could also be positive implications of this change. The movement of coins out of storage could bring about an increase in the circulation of BTC, which could result in increased demand and a price rise. Moreover, the decrease in BTC supply could be attributed to the increasing adoption of cryptocurrencies, which could be positive for the overall crypto market.
Conclusion
The cryptocurrency market is constantly evolving, and a change in the supply of BTC with a last active period of 5-7 years is a significant development. The recent report by Glassnode indicating a one-month low of 1,630,490.757 BTC has raised questions about the future of the crypto market. While it is difficult to predict the exact consequences of this change, it is essential to understand the implications for investors and traders. Whether this change is positive or negative, it is sure to bring about new opportunities and challenges in the crypto world.
FAQs
Q1: What is BTC?
A: BTC is a decentralized digital currency that allows instant transactions and relies on cryptography for its security.
Q2: What is the supply of BTC?
A: BTC has a finite supply of about 21 million, which decreases through time as more units get mined.
Q3: What is Glassnode?
A: Glassnode is a blockchain data analytics firm that reports on various metrics and trends in the cryptocurrency market.
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/16081/
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
-
What currency is emc2 (what’s wrong with emc currency)
What currency is emc2 According to official information, what currency is emc2? Emc2 is a token issued by blockchain gaming company GameFi platform Empower. Emc2 is a stability protocol based on smart contract and decentralization, which can be connected to Ethereum and other networks. This project adopts a new mechanism to improve transaction speed and reduce gas costs by using working capital in transactions; The emc2 token is completely owned and controlled by the community; In addition, according to the project team’s introduction, in addition to being used to pay gas fees, it can also be used as an investment tool for mining, pledging, and other operations, allowing investors to receive more incentives and returns; Moreover, emc2 also supports cross chain transfer functions (including ERC20 and EVM), which will enable developers to more easily deploy smart contracts and utilize their technology to solve problems What’s wrong with the emc coinThis afternoon, the emc coin suddenly experienced abnormal fluctuations, with its…
-
Mining Company Foundry USA to Collect Pool Fees
On April 7th, according to a notice sent to customers on April 6th, DCG\’s crypto mining company Foundry USA will begin collecting mining pool fees from members from April 19th to A
-
Celestia’s Rollkit Goes Public with its Modular Rollup Framework
It is reported that according to the official blog of Celestia, the modular rollup framework product Rollkit (formerly known as Rollmint) of Celestia has been …
-
The Potential Geopolitical Impact of CBDC Adoption
On March 1, Yaya Fanusie, the policy director of the Cryptocurrency Lobbying Organization \”Cryptocurrency Innovation Committee (CCI)\”, said in an interview tha…
-
Digital Currency Group Reports a Loss of $1.1 Billion in 2018
It is reported that Digital Currency Group (DCG), a cryptocurrency group, reported a loss of US $1.1 billion last year due to the company’s struggling in the collapse of cryptocurrency prices and the restructuring of the lending platform Genesis. DCG said in its fourth quarter investor report, “In addition to the negative impact of the decline in BTC and crypto asset prices, last year’s performance also reflected the impact of the default of Three Arrow Capital (TAC) on Genesis.” DCG report: loss of US $1.1 billion in 2022 Analysis based on this information:Digital Currency Group, a cryptocurrency group, has reported a loss of $1.1 billion in 2018, due to the collapse of cryptocurrency prices and the restructuring of lending platform Genesis. The company has reported that the loss has been compounded by the default of Three Arrow Capital (TAC). The loss is a warning to the cryptocurrency market, and it is likely that some investors will be deterred from investing…
-
Security team: Zero transfer fraud upgrade, multiple identical amount transfer fraud incidents on the chain
According to reports, according to the OKLink security team of Ouke Cloud Chain, there have been multiple fraud cases of token transfer of the same amount on the chain recently, sp
-
Russia to Establish a Special Agency for Cryptocurrency Licenses
On April 28th, Alexey Moiseyev, Deputy Minister of Finance of Russia, announced that Russia will establish a special agency responsible for issuing licenses for operators to use cr
-
DigiDaigaku Dragon Eggs Starts Incubation
According to reports, DigiDaigaku announced on its official social media account that DigiDaigaku Dragon Eggs has officially started hatching. It is reported that the \”dragon egg\”
-
Fantom Founder Launches Cryptopayment Infrastructure Project and Plans to Open Cryptofriendly Bank
On April 23rd, Fantom founder Andre Cronje revealed that he is committed to the cryptopayment infrastructure project and has launched a closed beta version of the product. He plans
-
Read2N partners with BNB Greenfield to enhance copyright governance through NFT trading
On February 17, the copyright governance NFT trading platform Read2N announced that it would use BNB Greenfield as the infrastructure to store the author\’s wor…
-
Canadian Securities Administration to Tighten Cryptocurrency Exchange Requirements
It is reported that, according to two people familiar with the plan, the Canadian Securities Administration (CSA) will tighten the requirements for the cryptoc…
-
What is the basis for judging Bitcoin trading (what is the trading method of Bitcoin)
According to the official information of the Bittrading platform, what is the basis for judging Bittrading? Where does the value of Bitcoin come from? The answer can come from three aspects First, the Cryptocurrency market is huge Second, the participation in the digital currency market is high Third, mainstream exchanges have a high degree of recognition of the digital currency market What are the prospects for the development of distributed networks What is the trading method of BitcoinAccording to CCN, the trading method of Bitcoin is sent through email. The way of online payment is also called Cryptocurrency transaction – Bitcoin transfer. Usually, ‘transfer’ is a form of peer-to-peer, real-time settlement, and anonymous fund transfer. Transfer “refers to a method of using a mobile phone to scan a QR code to complete the payment or receipt process related to another transaction. And “transfer” refers to the conversion of a certain digital asset from one location to another address for trading.
-
The Formation of the Western Canada Cryptocurrency Investigation Center
According to reports, a joint working group consisting of investigators from the Calgary Police Department and analysts from the blockchain data company Chainalysis, known as the W
-
Angle Protocol And Euler’s Vulnerability
On March 14, the official of the decentralized stable currency protocol, Angle Protocol, said that AngleProtocol was affected by Euler’s vulnerability exploitation, and the protocol deposited 17.6 million USDCs into Euler. The agreement has been suspended, the debt ceiling has been set to 0, and Euler AMO has been closed. The situation is being monitored and will be updated immediately after receiving the update. Angle Protocol: 17.6 million USDC funds are affected by Euler attack Analysis based on this information:On March 14, an official from the Angle Protocol revealed that the decentralized stable currency protocol had been affected by Euler’s vulnerability exploit. According to the announcement, the attackers had deposited 17.6 million USDCs into Euler, which is an algorithmic money market protocol built on the Angle Protocol. As a result, the Angle Protocol has suspended the agreement, set the debt ceiling to 0, and closed Euler AMO, the asset management platform that provides liquidity to Euler. Euler’s vulnerability refers to…
-
Understanding the Panic and Greed Index in Finance
According to reports, the panic and greed index is 68 today (yesterday it was 68), and the rating is still greed. Note: The panic index threshold is 0-100, including indicators suc
-
#Generative AI Startup, Character.AI, Completes $150 Million Financing Round with a16z Leading the Investment
On March 24th, a generative AI startup, Character.AI, announced that it had completed a $150 million financing at a valuation of $1 billion, with a16z leading the investment and fo