- Over 63% of Bitcoin supply remains inactive for over a year according to new Glassnode data.
- Similar inactivity levels were seen before major price rises in 2013 2017 and 2020.
- The low movement trend may affect future price swings if demand increases in the coming months.
A new report from Glassnode reveals that 63 percent of Bitcoin’s circulating stock has been lost, in terms of movement, for over one year. This milestone signals that there is more trend for long-term holding in the Bitcoin network. The chart here tracks the percentage coins last active more than a year ago in addition to the price movement for the corresponding periods for comparison.
This is one of the top-notched percentages in history with respect to Bitcoin. Only a few numbers in preceding cycles have shown inactive levels like this. Thus, this percentage resonates well with the overall market storyline about increasing long-term confidence in Bitcoin holders.
Historic Levels of Bitcoin Supply Dormancy
In 2023-2024, the trendline steadily climbed from here to a peak of more than 63% in early 2025. This figure illustrates the number of tokens that are stored in wallets without being moved for more than one year. It offers a clear view of long-holding behavior.
These levels closely resemble conditions prior to previous bull runs in 2013, 2017, and late 2020. Each of those price surges followed increases in dormant supply. Therefore, analysts have turned their eyes towards this signal as potentially pointing towards future shifts in the market.
Also, the black line in the chart depicts the price trend of Bitcoin since 2010; despite the increase of supply dormancy, the price of Bitcoin remains relatively high and strong. This divergence signals limited liquidity in the market and lower pressure of sales.
Market Conversations Sparked by On-Chain Trends
On April 10, there was a post from user MitchellHODL showing this chart and talking about how “63% of the total Bitcoin supply has remained unmoved for a year or longer.” The post attracted a plethora of reactions from various social platforms-it accrued over 39,000 views and hundreds of reposts. The community members attached the term “HODLing” to the post, portraying a culture of holding in the long term in the crypto space. Such postings testify to the acknowledgment of holding as the dominant trend.
Moreover, the rest 37% of Bitcoin is likely to be held by some of these remaining players. Some were seen discussing how low circulating liquidity can impact future market dynamics. This kind of data contributes significantly to the formation of sentiment regarding diminished asset scarcity.
Is Dormant Supply Impeding the Next Move for Bitcoin?
The behavior may limited the Bitcoin that counts for trading or selling. The affected market is likely to become less responsive to external shocks or news events. Thus, supply movement remains under close observation by most analysts as a leading indicator for the trend to come.
And low selling pressure tends to hold prices steady through bear markets while increased demand can suddenly empty stock and throws upward movement into overdrive. This aspect of balance between supply and demand remains a hot topic of appraisal in the current market.
