New data reveals that more than half of the Bitcoin in circulation has not been moved by holders in the last two years, with 53.14% of the cryptocurrency remaining dormant. This trend is attributed to the hodling culture of digital assets, as well as the activities of sophisticated investors and whales, and the loss of assets.
Blockchain analytics firm Glassnode also reports that 10.2 million BTC are sitting still in wallets, with over $300 billion worth of BTC going dormant. While some dormant coins may eventually come back into circulation, others may never be recovered due to lost private keys.
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