The number of Bitcoins that haven’t moved in ten years has reached its highest-ever level. Remarkably, this number is now even higher than the balance of BTC held on crypto exchanges.
According to Glassnode data posted by analysts on Feb. 28, the amount of Bitcoin unmoved for a decade or more is higher than that on crypto exchanges.
On-chain analyst Will Clemente reported the remarkable data, which he exclaimed was a “wild stat.” The current exchange balance is around 2.25 million BTC, according to Glassnode.
Fellow analyst Will Woo said that there were 2.6 million Bitcoins that haven’t moved in the past ten years. Furthermore, Chainalysis estimated that around 3.7 million coins were “lost” in a 2020 study.
Therefore, that unmoved figure could rise to over 3.7 million BTC (over 19% of the current circulating supply) by 2030.
Source: https://beincrypto.com/10-year-dormant-bitcoins-outpace-btc-crypto-exchanges/