Bitcoin holders are in no hurry to part with their coins, which once again confirms that Bitcoin is in a bullish trend. The holders keep the coins in cold wallets.
According to the analytical service Glassnode, the value of the active offer is strongly declining and is at a six-month low. The previous minimum was set the day before.
BTC Active Supply 2y-3y (1d MA) just reached a 6-month low of 2,559,681.552 BTCPrevious 6-month low of 2,559,885.748 BTC was observed earlier today Glassnode (@glassnodealerts) via Twitter
When the price of Bitcoin reached the value of $ 11,000, 93% of the Bitcoins in circulation were financially rewarded. Bitcoin has struggled with this material movement, at the time of writing, as the price fell below $12K on Wednesday.
In adding to these statistics, Bitcoin charts show a new record for long-term holdings. The Bitcoin suppliers of Kevin Rooke told their 11,000 Twitter followers Monday "62 percent of Bitcoin supply (11,400,000 BTC) has not been passed for at least a year.
Every period the new hope is very special in the field of cryptocurrency as the globe tackles the responses to Covid-19 and the ceasing economy.
Let us recall that yesterday the hashrate of the Bitcoin network fell by 25% due to flooding in China, which led to the shutdown of mining farms in the territory of Sichuan province.