Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Suggests

2022-9-6 16:34

Dormant supply peaks are springboards for upwards price action, one observer said.

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dormant supply peaks upwards springboards price said

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Nearly 10% of Bitcoin’s Current Supply is Dormant; Why This Matters

Data shows that nearly 10% of Bitcoin’s total circulating supply is dormant, meaning that it has not been touched for over 10 years This data boosts the narrative regarding Bitcoin’s scarcity, as its actual supply may be far lower than previously thought The heightened scarcity this provides Bitcoin also bolsters the cryptocurrency’s macro outlook, as economic models that rely on the crypto’s scarcity suggest that it will soon see some significant upside Bitcoin’s fixed scarcity […]

2020-5-26 21:00