Replying to Avatar Seth Michael Steele

Around 3.8% of the total #Bitcoin supply has changed ownership at current prices, even more than at the last bear market low. This suggests that new owners might be more steadfast. Therefore, a potential rally shouldn't be surprising for those who are closely tracking.

Currently, approximately 7.77 million #BTC are off the market due to being lost or held by the most resolute investors. This indicates a significant portion of #Bitcoin is in strong hands, which could further drive its value in the future.

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m2carbine 2y ago

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