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Adam Livingston highlights that bitcoin's active supply has been steadily decreasing. One year ago today, bitcoin reached its all-time high before dropping 53 percent in value.
Despite the price decline drawing most of the attention, the supply data reveals a different narrative. Only 19.8 percent of all BTC has moved in the last six months, with a low of 18.2 percent recorded on July 29th, marking the lowest level in recent measurement.
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Livingston has previously used millions of simulations to analyze Bitcoin's long-term potential, suggesting the next cycle could see a tenfold increase in value according to one of his market studies. In another recent article, he noted the jump in U.S. national debt from $321 billion in 1966 to over $40 trillion over the decades. His recent supply data observations add further context to Bitcoin's current market position.