Record-breaking peaks reached in all categories of Bitcoin supply

Quick Take

According to Glassnode, investors accumulate and store (or lose) coins for extended periods, categorized based on how long it has been since they last moved on-chain.

The chart below displays an overlay of multiple Supply Last Active variants, each shown as a percentage of Circulating Supply.

• Supply Last Active 1+ Yrs Ago 
• Supply Last Active 2+ Yrs Ago 
• Supply Last Active 3+ Yrs Ago 
• Supply Last Active 5+ Yrs Ago 

Glassnode data suggests that these metrics will rise as longer-term investors accumulate coins. Conversely, as long-term investors spend and distribute their coins, this metric will decline, with older coins becoming young again as they change hands.

Data shows that we have hit an all-time high in every category once again for Bitcoin supply last active.

• 1+ Year = 69.106%
• 2+ Years = 55.689%
• 3+ years= 40.123%
• 5+ years= 29.092%

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