Bitcoin Holders Stay Bullish Despite Market Turmoil As Percentage of Inactive Supply Hits Record High
• Percentage of inactive Bitcoin supply hits record high of 70.35% • Reflects strong belief from holders despite crypto contagion and macro headwinds • Percentage inactive for 2, 3, 5 years also at lifetime highs • Shows long-term investors not selling even with 100%+ price rise this year • Metrics may be inaccurate as Bitcoin financialization grows via ETFs and futures