Bitcoiners stack ’em up: Inactive BTC supply hits all-time highs

On-chain information suggests that Bitcoin (BTC) holders are building up BTC with exchange holdings to yearly lows and the portion of inactive BTC supply at all-time highs.According to Glassnodes Bitcoin supply last active chart, non-active BTC that has stagnated from an address for more than one-, three- and five-year amount of time has been at all-time highs considering that July 2023. These metrics are mirrored by Bitcoin analytics from CoinMarketCap, which tracks wallet addresses by for how long theyve been holding BTC. An estimated 69%, or 36.8 million addresses, have held BTC for over a year.Bitcoin analytics. Source: CoinMarketCapCryptoQuant charts also reflect Bitcoin outflows from exchanges that have actually steadily decreased from July 2021, with simply over 2 million BTC staying on exchanges.Bitcoin exchange reserves. Source: CryptoQuantThe CoinGlass Bitcoin on exchanges tracker breaks down the circulating BTC held by major centralized exchanges. Cryptocurrency exchange Bitcoin holdings. Source: CoinGlassBinance tops the list with some 543,281 BTC on its books, but the exchange has seen considerable Bitcoin outflows over the previous 30 days, with 21,645 BTC withdrawn in the last month.Coinbase Pros BTC balance of 435,530 BTC leaves it second on the list, with the United States-based exchange also having actually 3,612 BTC withdrawn from its platform over the last 30 days. Related: Bitcoin cost all-time high will precede 2024 halving– New predictionOKX is the only exchange in the leading 10 that tape-recorded a substantial inflow of Bitcoin in the last 30 days, with 4,630 BTC being moved onto the platform over the previous month.Market commentators and analysts have actually provided lofty forecasts of the prospective value of Bitcoin, with its highly-anticipated mining reward halving set to happen in 2024. Collect this post as an NFT to protect this minute in history and show your support for independent journalism in the crypto space.Magazine: Recursive inscriptions: Bitcoin supercomputer and BTC DeFi coming soon