River: 81% of Bitcoin supply hasn't moved in over six months, a record
- —16.3M BTC, or 81% of supply, has been dormant for six months or more — a record
- —Only about 3.7M BTC of roughly 20M in circulation remains active
- —One in six bitcoins has not moved in over a decade
- —BTC is up nearly 50% since June, yet exchange volumes have fallen 30% since January
Why it matters: A shrinking free float amplifies price moves in both directions, but a durable rally still needs real demand to return.
Source: Journal du Coin