According to a report released by Bitfinex, 69.2% of the BTC supply has been dormant for more than a year.
This trend demonstrates the accumulation strategy commonly employed by long-term holders and a strong belief in the long-term value of Bitcoin, even in the downturn of the cryptocurrency market in the past year.
Among them, 55.7% of the Bitcoin supply has been dormant for more than two years, 40.1% of the Bitcoin supply has been idle for more than three years, and 29.1% have held positions for more than five years.