* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Bitcoin Supply Dynamics Are Strong

Date:

Share post:

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Despite our cautious macroeconomic outlook, bitcoin supply side dynamics look extremely strong. The amount of bitcoin as a percentage of circulating supply that hasn’t moved in one year or more is approximately 1% away from all-time high levels.

Previous occasions of one-plus year dormant supply at similar levels predated bull markets. While macroeconomic conditions were markedly different during these periods, we find this to be extremely notable nonetheless, showing just how tight the supply side of the bitcoin market currently is.

Read more…

Related articles

US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg

In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about...

Ukrainian fintech helping startups with wartime finance raises $1 million

Fuelfinance, a Kyiv-based fintech that develops financial management and planning software for startups, has raised $1 million, mostly...

Powell Won’t Break S&P 500 Rally; Wage Growth Eases

If markets are right, tomorrow's Fed meeting policy statement will announce the next-to-last rate hike of the cycle,...