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Over the past few weeks, an intriguing development came to light with the Bitcoin Supply Last Active metric. On the upside, long-term holders of the number one cryptocurrency Bitcoin (BTC) had a bit of optimism as far as the miles ahead are concerned. This was conveyed by the accelerated growth rate seen in the market capitalization of Bitcoin [BTC], as well as that of the altcoin segment. Despite the fact that we have seen Bitcoin’s price move beyond the significant landmark of $30K in October, gaining peak over $44K as of then, pressuring an eminent downward trend after negative market forces materialized; resulting in an inability to secure support, the holders of Bitcoin tend to exhibit “diamond hand” traits! According to crypto analyst Will Clemente, over 70% of Bitcoin’s circulating supply have issued no moving in terms of sale despite the uncertainties accompanying them.
