Data: Over 30% of the Bitcoin supply has not moved in the past 5 years

ChainCatcher news, according to data from intotheblock, over 30% of the Bitcoin supply has not moved in the past 5 years.

Many first-generation blockchains (such as Bitcoin) use the UTXO model to record user funds. Based on UTXO data, the holding time of holders before spending their funds can be observed.

Although some of the unmoved Bitcoins may be lost, most likely belong to long-term holders. This indicates that despite market fluctuations, there remains a group of steadfast Bitcoin believers.