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Fintech and crypto intelligence firm Digital Assets Data says 10.7 million Bitcoin worth over $97 billion have remained stagnant over the last year. That number represents roughly 60% of the 18.1 million Bitcoin in circulation.
It’s the highest level of untouched Bitcoin since the end of 2017, when the entire crypto market surged in a major bull run.
The remaining 7.4 million BTC, worth roughly $67.7 billion, have powered trades and payments.
Although more than half of the BTC in circulation stayed dormant last year, BTC prices remained volatile. In the first half of 2019, Bitcoin traded in a wide range between a low of $3,322.19 and a high of $13,880. The king coin then retraced, dropping over 48% to a low of $6,425 in December.
In addition to the Digital Assets Data report, Delphi Digital reveals that 21.6% of all Bitcoin, nearly 3.9 million BTC, have remained inactive over the last five years.
The figure marks an all-time high for crypto hodlers.
[adinserter block="1"]Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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