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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h277">What Bitcoin’s price history has to say</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h367">Not moving the needle</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    According to data <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1277235618918129666">provided by Glassnode</a>, 61.33 percent of Bitcoin’s circulating supply hasn’t been touched in more than one year.
    
    It surpassed a previous all-time high of 61.28 percent that was registered on Jan. 15, 2016 when the BTC price was changing hands at $362.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    What Bitcoin’s price history has to say
    
    Last time the proportion of dormant Bitcoin was that high, the benchmark cryptocurrency started its glorious bull run to nearly $20,000.
    image by&nbsp;<a rel="nofollow" target="_blank" href="https://studio.glassnode.com/metrics?a=BTC&amp;m=supply.ActiveMore1YPercent">studio.glassnode.com</a>
    Nevertheless, it’s worth pointing out that it took over a year for the <a href="https://u.today/bitcoin-price-reaching-1-mln-is-nonsense-according-to-john-mcafee">Bitcoin price</a> to climb a new ATH of $1,120 on Jan. 5, 2017, after reaching the previous peak of its dormant supply.&nbsp;
    
    This is why the bulls shouldn’t expect immediate price appreciation this time around.
    
    Going back to Bitcoin’s earlier days, the price of the leading cryptocurrency indeed went through the roof (from $1 to $29 in five months) after the percentage of unmoved coins reached a new high&nbsp;(29.22 percent) on Feb. 17, 2011.
    &nbsp;
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Not moving the needle
    
    It remains to be seen whether Bitcoin will be able to replicate its previous bull runs, but more strong hands holding a larger percentage of the supply clearly indicated that the market will be subjected <a rel="nofollow" target="_blank" href="#">to less selling pressure</a>.
    
    Couple that with Grayscale Investment <a href="https://u.today/grayscale-now-has-close-to-400000-btc-under-management">outstripping miners</a> with its Bitcoin purchases and you get a rather rosy picture for the bulls.
    
    However, the Bitcoin price remains just above the $9,100 level, with its volatility plunging to its April&nbsp;low.
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1015)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3062 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h277">What Bitcoin’s price history has to say</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h367">Not moving the needle</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    According to data <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1277235618918129666">provided by Glassnode</a>, 61.33 percent of Bitcoin’s circulating supply hasn’t been touched in more than one year.
    
    It surpassed a previous all-time high of 61.28 percent that was registered on Jan. 15, 2016 when the BTC price was changing hands at $362.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    What Bitcoin’s price history has to say
    
    Last time the proportion of dormant Bitcoin was that high, the benchmark cryptocurrency started its glorious bull run to nearly $20,000.
    image by&nbsp;<a rel="nofollow" target="_blank" href="https://studio.glassnode.com/metrics?a=BTC&amp;m=supply.ActiveMore1YPercent">studio.glassnode.com</a>
    Nevertheless, it’s worth pointing out that it took over a year for the <a href="https://u.today/bitcoin-price-reaching-1-mln-is-nonsense-according-to-john-mcafee">Bitcoin price</a> to climb a new ATH of $1,120 on Jan. 5, 2017, after reaching the previous peak of its dormant supply.&nbsp;
    
    This is why the bulls shouldn’t expect immediate price appreciation this time around.
    
    Going back to Bitcoin’s earlier days, the price of the leading cryptocurrency indeed went through the roof (from $1 to $29 in five months) after the percentage of unmoved coins reached a new high&nbsp;(29.22 percent) on Feb. 17, 2011.
    &nbsp;
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Not moving the needle
    
    It remains to be seen whether Bitcoin will be able to replicate its previous bull runs, but more strong hands holding a larger percentage of the supply clearly indicated that the market will be subjected <a rel="nofollow" target="_blank" href="#">to less selling pressure</a>.
    
    Couple that with Grayscale Investment <a href="https://u.today/grayscale-now-has-close-to-400000-btc-under-management">outstripping miners</a> with its Bitcoin purchases and you get a rather rosy picture for the bulls.
    
    However, the Bitcoin price remains just above the $9,100 level, with its volatility plunging to its April&nbsp;low.
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1015)
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    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3059 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h277">What Bitcoin’s price history has to say</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h367">Not moving the needle</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    According to data <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1277235618918129666">provided by Glassnode</a>, 61.33 percent of Bitcoin’s circulating supply hasn’t been touched in more than one year.
    
    It surpassed a previous all-time high of 61.28 percent that was registered on Jan. 15, 2016 when the BTC price was changing hands at $362.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    What Bitcoin’s price history has to say
    
    Last time the proportion of dormant Bitcoin was that high, the benchmark cryptocurrency started its glorious bull run to nearly $20,000.
    image by&nbsp;<a rel="nofollow" target="_blank" href="https://studio.glassnode.com/metrics?a=BTC&amp;m=supply.ActiveMore1YPercent">studio.glassnode.com</a>
    Nevertheless, it’s worth pointing out that it took over a year for the <a href="https://u.today/bitcoin-price-reaching-1-mln-is-nonsense-according-to-john-mcafee">Bitcoin price</a> to climb a new ATH of $1,120 on Jan. 5, 2017, after reaching the previous peak of its dormant supply.&nbsp;
    
    This is why the bulls shouldn’t expect immediate price appreciation this time around.
    
    Going back to Bitcoin’s earlier days, the price of the leading cryptocurrency indeed went through the roof (from $1 to $29 in five months) after the percentage of unmoved coins reached a new high&nbsp;(29.22 percent) on Feb. 17, 2011.
    &nbsp;
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Not moving the needle
    
    It remains to be seen whether Bitcoin will be able to replicate its previous bull runs, but more strong hands holding a larger percentage of the supply clearly indicated that the market will be subjected <a rel="nofollow" target="_blank" href="#">to less selling pressure</a>.
    
    Couple that with Grayscale Investment <a href="https://u.today/grayscale-now-has-close-to-400000-btc-under-management">outstripping miners</a> with its Bitcoin purchases and you get a rather rosy picture for the bulls.
    
    However, the Bitcoin price remains just above the $9,100 level, with its volatility plunging to its April&nbsp;low.
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1015)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3062 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h277">What Bitcoin’s price history has to say</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h367">Not moving the needle</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    According to data <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1277235618918129666">provided by Glassnode</a>, 61.33 percent of Bitcoin’s circulating supply hasn’t been touched in more than one year.
    
    It surpassed a previous all-time high of 61.28 percent that was registered on Jan. 15, 2016 when the BTC price was changing hands at $362.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    What Bitcoin’s price history has to say
    
    Last time the proportion of dormant Bitcoin was that high, the benchmark cryptocurrency started its glorious bull run to nearly $20,000.
    image by&nbsp;<a rel="nofollow" target="_blank" href="https://studio.glassnode.com/metrics?a=BTC&amp;m=supply.ActiveMore1YPercent">studio.glassnode.com</a>
    Nevertheless, it’s worth pointing out that it took over a year for the <a href="https://u.today/bitcoin-price-reaching-1-mln-is-nonsense-according-to-john-mcafee">Bitcoin price</a> to climb a new ATH of $1,120 on Jan. 5, 2017, after reaching the previous peak of its dormant supply.&nbsp;
    
    This is why the bulls shouldn’t expect immediate price appreciation this time around.
    
    Going back to Bitcoin’s earlier days, the price of the leading cryptocurrency indeed went through the roof (from $1 to $29 in five months) after the percentage of unmoved coins reached a new high&nbsp;(29.22 percent) on Feb. 17, 2011.
    &nbsp;
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Not moving the needle
    
    It remains to be seen whether Bitcoin will be able to replicate its previous bull runs, but more strong hands holding a larger percentage of the supply clearly indicated that the market will be subjected <a rel="nofollow" target="_blank" href="#">to less selling pressure</a>.
    
    Couple that with Grayscale Investment <a href="https://u.today/grayscale-now-has-close-to-400000-btc-under-management">outstripping miners</a> with its Bitcoin purchases and you get a rather rosy picture for the bulls.
    
    However, the Bitcoin price remains just above the $9,100 level, with its volatility plunging to its April&nbsp;low.
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1015)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
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    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
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61 Percent of Bitcoin Hasn't Moved in More Than One Year, Which Mirrors Bull Run to $20,000

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Mon, 29/06/2020 - 7:04
61 Percent of Bitcoin Hasn't Moved in More Than One Year, Which Mirrors Bull Run to $20,000
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Contents
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According to data provided by Glassnode, 61.33 percent of Bitcoin’s circulating supply hasn’t been touched in more than one year.

It surpassed a previous all-time high of 61.28 percent that was registered on Jan. 15, 2016 when the BTC price was changing hands at $362.     

card

What Bitcoin’s price history has to say

Last time the proportion of dormant Bitcoin was that high, the benchmark cryptocurrency started its glorious bull run to nearly $20,000.

Bitcoin Price
image by studio.glassnode.com

Nevertheless, it’s worth pointing out that it took over a year for the Bitcoin price to climb a new ATH of $1,120 on Jan. 5, 2017, after reaching the previous peak of its dormant supply. 

This is why the bulls shouldn’t expect immediate price appreciation this time around.

Going back to Bitcoin’s earlier days, the price of the leading cryptocurrency indeed went through the roof (from $1 to $29 in five months) after the percentage of unmoved coins reached a new high (29.22 percent) on Feb. 17, 2011.
 
card

Not moving the needle

It remains to be seen whether Bitcoin will be able to replicate its previous bull runs, but more strong hands holding a larger percentage of the supply clearly indicated that the market will be subjected to less selling pressure.

Couple that with Grayscale Investment outstripping miners with its Bitcoin purchases and you get a rather rosy picture for the bulls.

However, the Bitcoin price remains just above the $9,100 level, with its volatility plunging to its April low.

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