Over 200,000 Bitcoin Moved Out of Long-Term Storage Since November

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Over 200,000 Bitcoin Moved Out of Long-Term Storage Since November

Approximately $4 billion worth of bitcoin which had been inactive for between five and seven years was moved out of long-term storage following November’s massive price rally.

Unchained Capital revealed the news via a data visualization on Dec 3.

Unchained’s ‘HODL Waves’ metric measures the activity of bitcoin by the length of storage. The total share of the bitcoin supply locked in storage between five and seven years fell from 5.48% to 4.67% between Nov 1 and Nov 30.

Learn more about the news here.