Monday, October 3, 2022
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Bitcoin Provide Dynamics Are Robust


The under is from a current version of the Deep Dive, Bitcoin Journal’s premium markets publication. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

Regardless of our cautious macroeconomic outlook, bitcoin provide facet dynamics look extraordinarily robust. The quantity of bitcoin as a proportion of circulating provide that hasn’t moved in a single 12 months or extra is roughly 1% away from all-time excessive ranges.

Earlier events of one-plus 12 months dormant provide at related ranges predated bull markets. Whereas macroeconomic situations have been markedly completely different throughout these durations, we discover this to be extraordinarily notable nonetheless, exhibiting simply how tight the availability facet of the bitcoin market at the moment is.

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