Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

02/08/2025

Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

02/08/2025

What Will Define the Next Decade?

02/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025

    Coinbase’s $0.12 Million BTC Tweet Stuns Crypto Community: Details

    02/08/2025

    Two Bitcoin Whales Face Massive $190.61 Million Losses in Short Positions as BTC Climbs to New ATH of $122,838

    02/08/2025

    BTC Nearing Exhaustion or Gearing Up for $130K Next?

    02/08/2025

    What Will Define the Next Decade?

    02/08/2025

    Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

    02/08/2025

    The Most Searched Cryptocurrencies of the Last Days Have Been Revealed! “Ethereum and These Five Altcoins Are at the Top!”

    02/08/2025

    The top corporate ETH holders as Wall Street eyes crypto

    02/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    What Will Define the Next Decade?

    02/08/2025

    Opendoor’s 500% surge signals return of meme stock mania

    02/08/2025
  • Blockchain

    IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

    01/08/2025

    The Protocol of Agents: Web3’s MCP Potential

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025

    Circle Wallet’s Strategic Leap for Web3 Developers

    01/08/2025

    Pyth Network brings Hong Kong stock prices onchain for global access

    01/08/2025
  • DeFi

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025

    Why This DeFi Dip Might Be the Start of a Major Rotation?

    02/08/2025

    Lido cuts staff, Curve rethinks L2s

    02/08/2025

    Alchemy Pay Integrates into Solv Protocol to Bridge Fiat with Bitcoin DeFi

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    Opendoor’s 500% surge signals return of meme stock mania

    02/08/2025

    Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

    02/08/2025

    50% of non-investors don’t understand it well enough to buy

    02/08/2025

    JPMorgan Chase’s Plans for Charging Fintechs for Customer Account Data Raising Concerns With at Least One CFPB Official: Report

    02/08/2025

    Arthur Hayes says stablecoins will finance Trump’s ‘fascist

    01/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

    31/07/2025

    $500,000,000 USDC Stun World’s Largest Crypto Exchange Amid Hourly Bloodbath

    31/07/2025

    Bithumb Temporarily Halts Celestia (TIA) Transactions!

    31/07/2025

    Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    London Bitcoin Company Surpasses 1,000 Miners in North America

    31/07/2025

    SEC takes crypto roundtables nationwide, opens with Aug. 4 stop in Berkeley

    02/08/2025

    Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

    02/08/2025

    The SEC launches new project to engage small crypto startups

    02/08/2025

    COINS Act 2025 Offers a ‘Rights-First’ Roadmap

    31/07/2025

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    What Will Define the Next Decade?

    02/08/2025

    Opendoor’s 500% surge signals return of meme stock mania

    02/08/2025
  • MarketCap
NBTC News
Home»Bitcoin»Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?
Bitcoin

Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?

NBTCBy NBTC11/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF. 

This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high. 

Unmoved Bitcoin Supply Reaches Record High

The industry expects the SEC’s approval of spot Bitcoin ETFs to ignite the next bullish run for the price of Bitcoin. Although the SEC has so far rejected a number of requests for Bitcoin ETFs, many analysts believe it will not be long until one is accepted. 

Considering Bitcoin’s dominance of the entire crypto market capitalization, a spike in Bitcoin’s price is expected to flow into all other cryptocurrencies. As a result, investors have been keeping their holdings in expectation of a future price increase. 

Recent data has shown that 94.8% of the total Bitcoin supply has not moved in the past month, indicating a new all-time high for the metric. 

JUST IN: 94.8% of the #Bitcoin supply has not moved in the past month, a NEW ALL TIME HIGH 🚀 pic.twitter.com/bNa4MdFbKW

— Bitcoin Magazine (@BitcoinMagazine) October 10, 2023

Similarly, a recent post by on-chain intelligence platform Glassnode alerts revealed that the amount of HODLed or lost Bitcoin reached a 5-year high of 7,906,288.227 BTC.

📈 #Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 5-year high of 7,906,288.227 BTC

View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/6OxLnd611f

— glassnode alerts (@glassnodealerts) October 6, 2023

The overall Bitcoin net flow into exchanges has decreased by 862.42 BTC ($23.27 million) in the past 24 hours, according to chart insights provided by IntoTheBlock. While this is relatively small compared to Bitcoin’s market cap, it shows investor mood might be changing into a bullish sentiment.

Source: IntoTheBlock

Time For Reversal?

Bitcoin’s price just rebounded up to $27,100 after failing to gain traction above the $27,800 resistance in the midst of escalating Israel-Hamas tensions in the Middle East. Despite this, BTC still remains the best-performing investment asset this year, outperforming stocks and bonds with its year-to-date (YTD) return of 63.3%.  

Some investors view unmoved Bitcoin as a sign of solid faith in the network and adoption of a long-term mindset. Whatever the reason, Bitcoin’s unmoved supply metric is worth watching as an indicator of holder sentiment and potential future price pressure. 

Recent happenings, particularly the tension of an oncoming recession in the US, have prompted billionaire hedge fund manager Paul Tudor Jones to assert that this is the best time to buy Bitcoin. 

Bitcoin price chart from Tradingview.com (Unmoved supply)

BTC still holding above $27,000 | Source: BTCUSD on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

02/08/2025

Coinbase’s $0.12 Million BTC Tweet Stuns Crypto Community: Details

02/08/2025

Two Bitcoin Whales Face Massive $190.61 Million Losses in Short Positions as BTC Climbs to New ATH of $122,838

02/08/2025

BTC Nearing Exhaustion or Gearing Up for $130K Next?

02/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

02/08/2025

Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

02/08/2025

What Will Define the Next Decade?

02/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.