Nourish Money
  • Home
  • Personal Finance
  • Investing
  • Credit Tips
  • Money Saving
  • Retirement
  • Crypto
No Result
View All Result
Nourish Money
  • Home
  • Personal Finance
  • Investing
  • Credit Tips
  • Money Saving
  • Retirement
  • Crypto
No Result
View All Result
Nourish Money
No Result
View All Result
Home Crypto

Over $124,700,000,000 in Bitcoin (BTC) Is Now Ancient, According to Analytics Firm Glassnode

April 30, 2023
in Crypto
0
Over $124,700,000,000 in Bitcoin (BTC) Is Now Ancient, According to Analytics Firm Glassnode
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Practically $125 billion price of Bitcoin (BTC) are actually thought of “historical,” or untouched for not less than seven years, based on prime blockchain analytics agency Glassnode.

Glassnode says that in all of Bitcoin’s historical past, solely 8.3% of all cash that change into historical have ever been spent.

Of the BTC that stay historical, Glassnode says they might be both dormant or misplaced fully.

“For the reason that inception of Bitcoin, solely 4.25 million cash have reached the standing of Historic Provide (7+ Years).

Remarkably, solely 356,000 historical cash have been spent, equal to eight.3% of the all-time historical provide complete, while 3.9 million (91.7%) cash presently stay dormant or misplaced.”

Supply: Glassnode/Twitter

The analytics agency additionally takes a have a look at its supply-per-whale metric, which seems on the common quantity of BTC held by whales. It finds that the common BTC owned by whales has remained comparatively static for a number of months now, however that every whale is proudly owning a smaller and smaller share of the Bitcoin market cap on common.

“Following the current surge in value motion, the Bitcoin provide per whale has reached an equilibrium, remaining steady round a worth of ~5,350 BTC/whale.

Nonetheless, regardless of stability in provide held, the share of the market cap owned by the whale cohort (46%) is declining.”

Image
Supply: Glassnode/Twitter

Glassnode additionally takes notice of its provide in revenue/loss metric, which retains observe of the quantity of cash which might be sitting at a loss and at a revenue. In accordance with the agency, the metric is displaying that market individuals’ positions are an increasing number of within the inexperienced as time goes on, indicating {that a} sell-off occasion may be on the desk.

“With the sturdy opening to 2023, the combination market has confidently transitioned out of a regime of unrealized loss, in direction of considered one of unrealized revenue, proven by the sharp divergence between provide held in revenue vs. loss. As this takes place, the motivation to take earnings grows.”

Image
Supply: Glassnode/Twitter

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Examine Worth Motion

Comply with us on Twitter, Facebook and Telegram

Surf The Day by day Hodl Combine

Featured Picture: Shutterstock/Liu zishan/Vladimir Sazonov



Source link

You might also like

Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?

Dogecoin bears aim to push prices beneath $0.07 amidst buyer weakness

Polygon drops to January levels; here are key areas to consider

Tags: AnalyticsAncientBitcoinBTCFirmGlassnode
Share30Tweet19

Recommended For You

Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?

May 11, 2023
0

Justin Solar, the vocal crypto supporter and co-founder of Tron and chief government officer (CEO) of BitTorrent, says he'll start actively buying and selling meme cash like PEPE. ...

Read more

Dogecoin bears aim to push prices beneath $0.07 amidst buyer weakness

May 11, 2023
0
Dogecoin bears aim to push prices beneath $0.07 amidst buyer weakness

Disclaimer: The data offered doesn't represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion. The day by day market construction...

Read more

Polygon drops to January levels; here are key areas to consider

May 11, 2023
0
Polygon drops to January levels; here are key areas to consider

Disclaimer: The data offered doesn't represent monetary, funding, buying and selling, or different kinds of recommendation and is solely the author’s opinion MATIC breached a key Q1 2023...

Read more

Robinhood saw $38M in crypto transaction revenue in Q1 2023

May 11, 2023
0
Robinhood saw $38M in crypto transaction revenue in Q1 2023

Inventory and crypto buying and selling platform Robinhood revealed its Q1 2023 outcomes on May 10. The corporate stated that its cryptocurrency transaction revenues fell 1% sequentially to...

Read more

Top Analyst Updates Outlook on Polygon, Ethereum and Binance Coin, Says Altcoins To Plunge Lower Than Expected

May 11, 2023
0
Top Analyst Updates Outlook on Polygon, Ethereum and Binance Coin, Says Altcoins To Plunge Lower Than Expected

A number one analyst is warning that crypto belongings could face extra draw back through the present market correction. Pseudonymous analyst and dealer Bluntz tells his 222,800 Twitter...

Read more
Next Post
Bitcoin drops to $27k range again, liquidating $200M

Bitcoin drops to $27k range again, liquidating $200M

Popular post

Do You Need a Passport for an Alaskan Cruise?

Do You Need a Passport for an Alaskan Cruise?

May 23, 2023
Are XRP whales assembling for a win as Ripple president oozes confidence

Are XRP whales assembling for a win as Ripple president oozes confidence

March 24, 2023
Top Crypto Exchange Binance Rolls Out New Dogecoin (DOGE) Trading Pair As Leading Memecoin Tracks Sideways

Top Crypto Exchange Binance Rolls Out New Dogecoin (DOGE) Trading Pair As Leading Memecoin Tracks Sideways

April 30, 2023

Browse by Category

  • Credit Tips
  • Crypto
  • Investing
  • Money Saving
  • Personal Finance
  • Retirement

ABOUT

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Personal Finance, Retirement, Investing and more.

CATEGORIES

  • Credit Tips
  • Crypto
  • Investing
  • Money Saving
  • Personal Finance
  • Retirement

NEWSLETTER

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2022 Nourishmoney.com - All rights reserved.

No Result
View All Result
  • Home
  • Personal Finance
  • Investing
  • Credit Tips
  • Money Saving
  • Retirement
  • Crypto

© 2022 Nourishmoney.com - All rights reserved.