The shadow of the past weighs the offer of bitcoins

While Bitcoin enters a new mature phase, an unexpected phenomenon defines its rarity again: every day more BTC becomes inactive for ten or more years than new corners are mined. Silent conversion, but full of consequences.

Historical loading in the dynamics of Bitcoin’s offer

Bitcoin has just crossed a symbolic and decisive course. Since the middle of April 2024 more BTC becomes ancient every day. In other words, they were still still for more than ten years. This number now exceeds the number of new parts created daily.

This tilting, long -awaited, but never -unnoticed, rarity cards have exploded in a crypto universe.

According to data published on June 18, Fidelity Digital Assets is now connected to this “sleeping offer” by 566 units. By comparison, the bitcoin network produced 450 a day since its last half. In other words, the past prevails over the future. And this past is silent.

This phenomenon cannot be ignored. Whether these bitcoins are actually lost or simply retained by conviction, their immobility creates an invisible contraction effect on the real offer. In the market where the perception of rarity is almost as strong as the rarity itself, this type of signal becomes strategic.

Ghosts of the past: between loss and beliefs

Among these millions of BTC frozen over time, some are probably inaccessible forever. The first to minted bitcoins, often without much security measure, could be lost with hard drives or forgotten private keys. However, the analysis will not stop.

More than 3.4 million BTC, or about 17 % of the total offer, sleep for more than ten years. This character includes the legendary pieces of Satoshi Nakamoto, never moved, unaffected remains of the founding genome of bitcoin. This raises a dizzying question: What is the active bitcoin offer today?

The offer of a sleeping bitcoin acts as a deep frost. It does not eat exchanges, does not respond to a speculative movement and does not respond to political crises. It is so said out -of -trh. And this is where his strength resides. Fidelity notes that less than 3 % of the days since 2019 decreased in this sleeping offer. It consolidates slowly, methodically.

But be careful to idealize this inertia. Since the US elections of 2024, the report shows that these long -term holders have been a little more inclined to sell. The share of days with a decrease in the old offer was four times compared to the historical average. Even the strongest belief can remember.

Rarity rediscovered at the eth of the ETF and institutional actors

While the new Bitcoin emissions are slowly slowing down, the tightening of the active delivery could cause unprecedented pressure up. The companies are accumulated in the background. Since 8 June, 27 public companies organized more than 800,000 BTC together and strengthened the camp of thick hands. A trend that just started.

If the current dynamics is maintained, the sleeping offer could reach 30 % of all bitcoins by 2035 by 2035. It is not just historical data: it is a deep structural change in the behavior of players on the market. Bitcoin becomes slowly but surely, more than a shift asset. But rarity is not everything.

Fidelity recalls that prices meet a gentle balance between supply, demand and narration. The introduction of new financial products (ETF, institutional childcare services, banking integration) could arouse growing demand, especially if the truly accessible supply is still decreasing.

Evans S.

Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.