Bitcoin supply momentum appears extremely strong

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The text below is from a recent edition of Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive this information and other on-chain bitcoin market analysis straight to your inbox, Subscribe now.

Despite our cautious macro outlook, bitcoin supply dynamics appear extremely strong. The amount of bitcoin as a percentage of circulating supply that hasn’t moved for a year or more is around 1% from all-time highs.

Previous supply occasions dormant for more than a year at similar levels preceded bull markets. While macroeconomic conditions were markedly different during these periods, we believe this is nonetheless extremely remarkable, showing just how tight the bitcoin market supply is currently.

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