The Bitcoin Network (BTC) was devised as a decentralized financial system that allows people to send value from person to person without intermediaries, eliminating the dependence of central entities. However, among currency users created by Nakamoto, alternative stories gained ground. The idea of Bitcoin as a value reserve, assets that can maintain long-term wealth, It’s been strengthenedand metrics On-chain They check it out.
68% of Bitcoin supply remains in motion
A blockware company analyst known as Mitchell on Social Network X shares data that enhances its growing narrative. According to your calculations, 68% of total BTC supply has not moved for more than 155 days.
The following graphs provided by Mitchell can help deepen this dynamic: This image shows the evolution of Bitcoin prices against US dollars (BTC/USD, Black Line) from January 2022 to May 2025, and the amount of Bitcoin that is not represented by millions on the right axis for that period (the orange area).
A constant supply has been observed in the period analyzed by Mitchell (last 155 days, almost 5 months). Growed in a sustainable wayIt reached its peak at 14.5 million BTC in May 2025. This volume effectively represents about 68% of the total circulation total supply, currently estimated at around 19,870,000 BTC.
As reported by Cryptootics, medium and long term holders, those who keep their immobilized Bitcoin in their wallets for a period of three to 15 years, will concentrate Over half Total supply It hasn’t moved in 2025.
On-chain data, Bitcoin trust indicators?
The evolution of the price on the graph also reflects the relevant moments that Mitchell presents. Action in January 2024 It coincided with the strong climbing Nearly $70,000.
In October of the same year, the BTC price was nearly $62,000 as total supply increased in the hands of long-term holders newly, in line with the rise that BTC led BTC to BTC for the first time in history at $100,000.
Green arrows on the graph mark the period of their accumulation, That coincides with price increasesreinforces the hypothesis that immobility may be supplied Trust indicator The future value of Bitcoin.
Finally, according to CoinMarketCap, BTC’s price is $109,000 at the end of this language, but Mitchell closed the report, ensuring that “Bitcoin is about to rise more,” and predicted a bullish scenario where long-term holders will rise again.
