The number of bitcoins that have not been transacted for more than a year has reached a historic high

The volume of the flagship cryptocurrency BTC $60,753.14 Bitcoin -1.46% Market capitalization $1.2 trillion VOL. 24 hours $1.44 billion , which has been dormant for more than a year, reached a historic high of 70% of the total market supply in June. Such conclusions were made by ARK Invest analysts in their monthly financial report.

According to the experts, the indicator shows the confidence of traders and institutions in the long-term prospects of digital gold. At the end of the month, bitcoin closed at $ 30,460, showing an increase of 11.9%. Experts emphasized that the asset received strong technical support at the 200-week moving average, trading 14% above it.

The number of bitcoins in the OTC markets also reached a new high, closing at 60% of the total supply by the end of the quarter. ARK believes that this indicates that companies and large investors are increasingly considering the asset as a long-term investment.

Experts also drew attention to stablecoins: the supply of USDC $1.00 USDC 0.03% Market capitalization $32.3 billion VOL. 24 hours $1.09 billion has decreased by 37% since the beginning of the year, and the supply of USDT has increased by 25%, reaching ATH (the highest level).

Despite the positive indicators for bitcoin, the company warned of future economic problems. The US gross domestic income is consistently declining, which indicates a possible recession.

As of July 7, the rate of the flagship asset fell by 4.26%. Bitcoin is available for trading at $ 30,088. The market capitalization is $ 631.9 billion, and daily trading volumes exceeded $ 20.4 billion. The market dominance of BTC is 49.9%.