The dormant supply of Bitcoin for 12 months has dropped from 70% at the beginning of 2024 to 66%
According to CryptoSlate, the active supply of Bitcoin has recently shown a downward trend. The proportion of dormant supply has dropped from about 70% at the beginning of 2024 to about 66% at the end of July. Historically, changes in the proportion of dormant supply have been associated with significant price fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve announces the reappointment of 11 regional Fed presidents.
The US Dollar Index fell by 0.45% on the 11th.
The Dow Jones Index closed up by 646.26 points, and the S&P 500 Index saw a slight increase.