Lengthy-term Bitcoin (BTC) holders offered practically 50,000 BTC on Might 15, setting a document for such gross sales this yr.
This measure represents revived provide or the quantity of the Bitcoin provide that has re-entered circulation after remaining untouched.
Addresses that held Bitcoin for a couple of yr offered 18,000 BTC on Might 15 — whereas addresses that held Bitcoin for greater than two years offered 17,000 BTC. Addresses that held Bitcoin for greater than three years offered 17,000 BTC.
Bitcoin has seen larger revived provides prior to now months. Notably, it noticed revived provides of 110,000 BTC and 95,000 BTC in November 2022, representing gross sales of $2 billion and $1.6 billion, respectively. Bitcoin additionally noticed a revived provide of 100,000 BTC in June 2022, representing gross sales of roughly $2.4 billion.
Bitcoin at present has the next market worth than it had in these months, that means that its newest revived provide (50,000 BTC) is price greater than $1 billion. It’s, due to this fact, near previous revived quantities by way of greenback worth.
The put up Long-term Bitcoin holders sell nearly 50K BTC – marking 2023 high appeared first on CryptoSlate.
