According to a new research report published by Digital Asset Data, more than 10 million BTC has been sitting dormant for a whole year. Data shows that unmoved bitcoins account for roughly 59% of the current minted supply and it’s the largest number of dormant coins since the start of 2017.
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10.7 Million BTC Stays Put for a Whole Year
The fintech and cryptocurrency analytics company Digital Asset Data recently published findings that show the number of bitcoins that haven’t moved in a year has touched 10.7 million BTC ($86.4 billion). At press time there is 18.1 million BTC in circulation and the number of untouched coins represents around 59% of the current supply. Despite the large number of inactive bitcoins throughout 2019, BTC prices have seen significant volatility throughout the year. Moreover, in 2019 crypto whale watchers witnessed significant increments of BTC being moved from one wallet to another. Not to mention the BTC block…