Bitcoin Dormant Supply Metric Mirrors 2016 Run-Up to $20K BTC Price

[Tnoy30]

61% of the Bitcoin supply has stayed in the same place for a year or more — the only time that happened was before its all-time highs.

Bitcoin (BTC) hodlers are preparing for a bull run just like the one that led to $20,000 all-time highs in 2017, one metric suggests.

According to on-chain monitoring resource Glassnode on June 28, the proportion of the Bitcoin supply that has not left its wallet in a year or longer reflects 2016.

Dormant BTC channels 2016
Despite a hectic year for Bitcoin price action, the data shows that over 61% of the supply remained dormant through highs and lows.
Reaf on: https://cointelegraph.com/news/bitcoin-dormant-supply-metric-mirrors-2016-run-up-to-20k-btc-price