Bitcoin Active Supply Reaches Yearly High

The supply of active Bitcoin, neared around 565,000 Bitcoin, the highest level in over a year

Bitcoin Slips Under $42K While Active Supply Reaches Yearly High

“Supply of “active” bitcoin, or the amount of bitcoin moving between addresses in a 24 hour period, soared to around 565,000 bitcoin.

‘This is the highest level seen in over a year. In fact, only 2 events have seen higher activity: Black Thursday in March 2020 and in May 2020’ Delphi analysts said in a note. ‘The supply of bitcoin held by smaller addresses (0.001 – 10 BTC) saw a steep uptick, which could be a result of capital flight from the Ruble to bitcoin.’

Some analysts see bitcoin prices moving upward, despite recent volatility in broader market”



Master Asked on March 4, 2022 in Bitcoin.
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