Bitcoin (BTC) Taps a New ATH But It's Not What You Think


19 Sep 2023 1:37 PM

BTC percent supply last active 3+ years ago surpassed the 40% milestone....

  • The percentage of Bitcoin supply that has been inactive for over three years has surpassed 40%.
  • This milestone suggests that some Bitcoin investors are holding onto their coins despite the current market conditions and declining prices.
  • Analysts and experts believe that the crypto winter may be ending, leading to a potential rally in the future.
  • Glassnode's co-founder predicts a short-term goal of $30,000 for BTC, while others have more optimistic forecasts, including a price surpassing $100,000.
  • Pantera Capital analysts predict a potential surge to almost $150,000 next year due to the upcoming halving.

The sentiment of the article is generally positive, highlighting the milestone of Bitcoin supply inactive for over three years and the potential for a market rally. The mentioned price predictions also contribute to the positive sentiment.

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You May Ask

What percentage of Bitcoin supply has been inactive for over three years?How have Bitcoin investors reacted to the current market conditions?What do analysts and experts predict for the future of Bitcoin's price?What is the upcoming event that Pantera Capital analysts believe will contribute to a potential surge in Bitcoin's price?Who are some notable individuals predicting a price surpassing $100,000 for Bitcoin?

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