Bitcoin, which has increased by more than 60% since the beginning of 2023, is at the level of $ 28,000.
In Bitcoin, which exceeded $ 29,000, investors were waiting for the psychological level of $ 30,000 to be reached, while cryptocurrency phenomenon Anthony Pompliano referred to Glassnode's BTC data.
Citing important data published by Glassnode, Pompliano pointed out that 53% of Bitcoin's circulating supply has been inactive for the past two years.
Stating that more than half of the BTC supply has not moved for two years, the phenomenon emphasized that this data has reached an all-time high.
“More than 1 in 2 Bitcoins in circulation have not moved in the last 2 years. This data has reached an all-time high of 53% today.
Going one step further, almost 29% of all circulating BTC has not moved in the last 5 years.
Again, according to Glassnode data, slightly less than 15% of all Bitcoins in circulation have not moved in a decade.
There are more than 2,700,000 BTC in the hands of the world's most disciplined investors, lost or forgotten."
More than 1 out of every 2 bitcoin in circulation has not moved in the last 2 years.
We hit a new all-time high of 53% today. pic.twitter.com/W6GzopMAtu
— Pomp 🌪 (@APompliano) April 10, 2023
While Pompliano comments that these BTCs could be lost, forgotten, or in the hands of the world's most disciplined investors, some members of the Bitcoin community think they are in the hands of investors who bought these BTCs at an all-time high and waited for the right time to sell.
Some community members also believe that this data is positive on BTC price. According to them, the low number of BTC moving means less selling pressure on BTC.
*Not investment advice.