Record High Supply Volume of Active BTC

03/15/2023 09:43 • Crypto & Markets • 63 views

According to reports, according to data from Glssnode, the supply volume of BTC that has been active for over 10 years has just reached a record high of 2658567.739 BTC.

BTC’s last active supply for more than 10 years has reached a record high

Analysis based on this information:

Bitcoin, the first and the largest cryptocurrency, is gaining momentum as its supply volume has reached a new record high. According to reports, data from Glssnode indicates that the volume of Bitcoin that has been active for over ten years recently reached a never-seen-before level of 2658567.739 BTC. This data means that the total amount of Bitcoin that has been active for over a decade has increased tremendously.

Glssnode is a major blockchain data analytics network that provides valuable information for traders and investors in the cryptocurrency market. The platform analyses blockchain data to offer insights into market trends and supply and demand of digital assets. The recent report from Glssnode indicates that the volume of active Bitcoin that is ten years or older has increased significantly.

The increase in the supply volume of old Bitcoin can be attributed to the growing adoption and acceptance of cryptocurrencies as a legitimate investment option. Investors are gradually realizing the value of Bitcoin as a store of value and a hedge against inflation. As a result, there is an increased demand for Bitcoin, which has led to a supply shock in the market.

Furthermore, the current market situation of high trading volumes and high institutional investment in Bitcoin adds to the bullish outlook for the cryptocurrency. The trend is expected to continue as more investors and institutions are expected to pour money into the market.

In conclusion, the recent data from Glssnode is a good indication of the growing adoption and acceptance of Bitcoin and other cryptocurrencies in the mainstream financial market. It signifies a shift in investors’ sentiment towards the digital asset as a store of value and a safe haven for investment. It also indicates that Bitcoin is becoming an increasingly attractive investment asset for investors looking to diversify their portfolio.

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Record High Supply Volume of Active BTC

BTC’s last active supply for more than 10 years has reached a record high

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