30.7% of Bitcoin’s total supply has remained dormant for over five years

IntoTheBlock on X: "30.7% of the total Bitcoin supply has remained untouched for over 5 years. This data comes from analyzing UTXOs, which are used by first-generation blockchains like Bitcoin.

Market intelligence platform, IntoTheBlock, posted on X that 30.7% of Bitcoin’s total supply has remained dormant for over five years.

This indicates a strong conviction among long-term holders, often referred to as “diamond hands,” who have held their BTC through various market cycles.

This steadfast holding pattern is seen as a bullish sign for Bitcoin’s future, showing that a significant portion of the market is in it for the long haul.