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

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.

Interpretation of this information:

Bitcoin (BTC) is a digital currency that has been around for more than a decade now. Over the years, the number of BTC that has been in circulation has increased as more people have adopted and traded in the currency. However, a recent report from Glassnode, a blockchain analytics firm, has revealed that the supply volume of BTC that has been active for over 10 years has just reached a record high of 2,658,567.739 BTC.

The data provided by Glassnode shows that this is the highest volume of active BTC in more than ten years. This means that a significant number of BTC have not been moved from their wallets for a long period of time, possibly indicating that their owners are holding onto them as a long-term investment. This is also a positive sign for the cryptocurrency market as it shows that despite the volatility of the market, there are still investors who believe in the long-term potential of BTC.

Moreover, this data could also have implications for the price of BTC. If a significant portion of BTC is held by long-term investors, it could decrease the supply of BTC available for trade, thus increasing its value. Additionally, it could reduce the impact of sudden market changes on the price of BTC, as these long-term investors are less likely to panic sell their BTC during market dips.

Overall, the record high volume of active BTC could be seen as a positive indicator for the cryptocurrency market. It signifies the continued growth and adoption of BTC, as well as the confidence of long-term investors in the currency.