Glassnode: The proportion of inactive Bitcoin supply for over a year has dropped to an 18-month low

ChainCatcher message, according to data tracked by blockchain analytics firm Glassnode, the percentage of Bitcoin circulating supply that was last transferred to the chain at least a year ago has dropped to its lowest level since October 2022. On Monday, there were 12.95 million BTC (equivalent to 65.84% of the circulating supply) that have remained unchanged for over a year, marking the lowest proportion since October 2022.

In mid-January this year, nearly 12 spot ETFs were listed in the United States, after which this metric briefly exceeded 70% and has been declining since. The proportion of BTC circulating supply that has remained unchanged for at least two years has decreased from 57.4% to 54% since late December last year.