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Investors Don't Want to Sell Bitcoin: Four New Records Have Been Set!
The number of Bitcoins (BTC) that are not actively used is increasing.
According to the data, the ratio of Bitcoins to circulating supply, which has not been used on the blockchain for at least 1 year, has increased to 70.35%, breaking an all-time record.
This data shows that "Bitcoin holders have faith (in Bitcoin) despite the churn seen in the cryptocurrency industry across the board and the macro challenges experienced after the record in 2021."
Records have also been broken in the proportion of Bitcoins that have not been moved on the blockchain for at least two, three, and five years. Bitcoin investors are not selling their coins, even though the price has doubled over the course of the year.
As prices rise, there will eventually be an incentive for people to sell, but it seems that Bitcoin holders don't intend to empty their inventories at these price levels or in the near future.
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