Part 4/13:
Recent on-chain analysis reveals a slight sell-off by long-term Bitcoin holders, indicating profit-taking at these higher levels. Data shows that older coins, previously dormant, are being transacted more frequently, signaling a potential shift in holder sentiment as the upcoming halving approaches. Notably, roughly 44% of Bitcoin supply hasn't moved in over five years, emphasizing a significant stash of 'deep storage.'
Supply Dynamics and Remaining Mined Bitcoin
Currently, about 19.5 million Bitcoin are in circulation, leaving roughly 1.4 million to be mined over the next 116 years. With only 6.66% remaining, scarcity intensifies—an essential factor supporting long-term bullish sentiment.