Bitcoin

Long-term <a href="https://twitter.com/jimmyvs24/status/1658549892250304513?s=20">Bitcoin</a> (BTC) holders sold nearly 50,000 BTC on May 15, setting a record for such sales this year.
This measure represents revived supply or the amount of the Bitcoin supply that has re-entered circulation after remaining untouched.
Addresses that held Bitcoin for more than one year sold 18,000 BTC on May 15 — while addresses that held Bitcoin for more than two years sold 17,000 BTC. Addresses that held Bitcoin for more than three years sold 17,000 BTC.
<figure id="attachment_325746" aria-describedby="caption-attachment-325746" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-325746 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/revived.png" alt="Revived Supply: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/revived.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/revived-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/revived-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/revived-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/revived-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-325746" class="wp-caption-text">Revived Supply: (Source: Glassnode)</figcaption></figure>
Bitcoin has seen higher revived supplies in the past months. Notably, it saw revived supplies of 110,000 BTC and 95,000 BTC in November 2022, representing sales of $2 billion and $1.6 billion, respectively. Bitcoin also saw a revived supply of 100,000 BTC in June 2022, representing sales of approximately $2.4 billion.
Bitcoin currently has a higher market value than it had in those months, meaning that its latest revived supply (50,000 BTC) is worth more than $1 billion. It is, therefore, close to past revived amounts in terms of dollar value.
The post <a rel="nofollow" href="https://cryptoslate.com/long-term-bitcoin-holders-sell-nearly-50k-btc-marking-2023-high/">Long-term Bitcoin holders sell nearly 50K BTC – marking 2023 high</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Long-term Bitcoin holders sell nearly 50K BTC – marking 2023 high

CryptoSlate

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