Only 19.8 percent of BTC moved in past six months, Adam Livingston notes

Only 19.8 percent of BTC moved in past six months, Adam Livingston notes
Active bitcoin supply hits new lows

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.

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.

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