"Fidelity Digital Assets' latest report reveals for the first time more bitcoin is entering 'ancient supply' than is being mined, impacting market dynamics."
"As of June 8, 17% of bitcoin is classified as 'ancient supply', coins that haven't moved in a decade, indicating a significant shift in investor behavior."
"The consistent increase in ancient supply versus mining output post-2024 halving points to a growing long-term conviction among bitcoin holders."
"The report indicates that long-term holders are not cashing out despite the rising value, suggesting increased confidence in bitcoin's future."
Fidelity Digital Assets' report highlights a historic moment where bitcoin entering 'ancient supply'—coins held for 10 years or more—now surpasses newly mined coins. As of June 8, 17% of all bitcoin falls into this category, with daily entries of approximately 566 BTC compared to 450 BTC being issued. This trend reflects a tightening liquid supply and growing investor conviction, as ancient supply comprises over $360 billion worth of BTC, primarily held by long-term investors, including pioneer Satoshi Nakamoto.
Read at Bitcoin Magazine
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