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63.3 percent of bitcoin supply has not moved for over a year, but bullish signal unclear

The share of bitcoin supply that has not moved for more than a year rose to 63.3 percent, up 0.98 percentage points from a month earlier, according to Maketo HODL wave data. The increase appears driven more by coins aging into the 1 to 2-year band than by fresh buying. Short-term activity also eased, with the share moved within a month slipping to 7.03 percent. The analysis said on-chain age alone cannot confirm ownership changes, intent or sellable supply.