Bitcoin’s most active supply hits 8-year low

Bitcoin’s supply last active less than a month ago has plummeted to an 8-year low. This often overlooked metric provides essential insights into the market’s current dynamics and is useful when analyzing historical trends.

Bitcoin’s supply dynamics are helpful when analyzing the market, as they provide a window into the trading behavior of its vast user base. Bitcoin’s supply last active less than a month ago has historically been the most volatile part of its supply, representing the majority of day-to-day transaction activity. Its movement, or lack thereof, can be an indicator of broader market trends.