The amount of bitcoin that has not been used for 10 years has reached a historical record

The number of bitcoins that have not been used for ten years has reached its highest level ever. According to Glassnode data published by analysts on February 28, the number of untransferred bitcoins is even higher than the amount of BTC stored on cryptocurrency exchanges.

According to Will Wu, 2.6 million bitcoins have not been moved in the last ten years. In addition, Chainalysis estimated that about 3.7 million tokens were «lost» in the 2020 study — they were not taken into account in the calculations.

There is now more Bitcoin that hasn't moved in at least 10 years than there is on exchanges. Wild stat.

(h/t @jimmyvs24) pic.twitter.com/8IWMnDO9bk

— Will (@WClementeIII) February 27, 2023

At the time of writing, BTC $62,762.78 Bitcoin 1.05% Market capitalization $1.24 trillion VOL. 24 hours $0.53 billion has dropped in value by 6.1% over the past 7 days. According to Altcoin Sherpa, a cryptocurrency analyst, the basic period for bitcoin to reach $ 30,000 is 4−6 weeks. The expert is convinced of further growth of the market leader.