Investors are not selling bitcoin in the hope of better returns, 76% supply in inactive wallet


2021 proved to be very good for Bitcoin. The oldest and most popular cryptocurrency held the lead position in the value charts last year. A recent report by Glassnode observed that 76% of bitcoin’s circulating supply is currently illiquid, which means they are taken into wallets that haven’t had any activity yet. The unknown bitcoin creator, known as Satoshi Nakamoto, limited the total number of bitcoin tokens to 21 million. According to CoinMarketCap, 18.9 million bitcoins have already been mined and are in circulating supply.

Glassnode said in its report, “We can see that even if in the last months of 2021 [बिटकॉइन की] Prices have corrected, but so has the movement of tokens moving from Liquid to Liquid wallets.”

The remaining 24% of Bitcoin is currently supplied for liquidated circulation from wallets that are active in spending or trading their holdings.

According to CoinMarketCap, the number of crypto wallets that hold Bitcoin are 40,049,185, and there are currently 963,625 of these active wallets.

A Glassnode report has pointed out that Bitcoin investors are more interested in holding and depositing tokens than spending them. These investors are clearly expecting big returns on their holdings in the coming days.

In the past 13 years since bitcoin first came into existence in 2009, the crypto coin has emerged as the world’s most valuable cryptocurrency.

Satoshi Nakamoto is also said to have an inactive wallet, which holds 1,125,150 bitcoin tokens. Their total worth is about $ 66 billion (about Rs 4,96,814 crore).

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