‘Ancient’ Bitcoin Supply Now Outpacing Newly Mined BTC: Fidelity Report

The new fidelity origin a report This reveals that for the first time in history, more bitcoin “old width”, which refers to the coins that have been not affected for 10 years or more, enters.

As of June 8, the average of 566 BTC per day crosses the threshold of 10 years, while only 450 BTC is released daily after the temperature of 2024.

“The old offer also tends to increase every day, with a daily decrease in less than 3 % of the time,” the report says. “In contrast, this number increases to 13 % when the threshold is reduced to bitcoin holders for five years or more.”

Old Bitcoin supplies have grown since January 1, 2019, when Satoshi Nakamoto became the first 10 -year holder. Today, more than 3.4 million BTC decreased in this category, by more than $ 360 billion. It is believed that about 1/3 belongs to Nakamoto.

Despite its increasing value, their long -term holders do not spend. The old show makes up more than 17 percent of all bitcoin, and this share continues to grow.

Since 2024, the number of coins that constantly enter the old width has exceeded the number of new coins that are extracted, according to the report. This transformation highlights the growing long -term condemnation between the holders and reflects a wider tightening of the liquid bitcoin supply.

After the US elections for the year 2024, the old offer decreased in 10 % of the days, which is nearly four times the historical average. The movement between its owners was more clear, with daily decreases 39 % of the time.

To better track this trend, Fidelity uses a scale called ancient Hodl rate. It measures the number of coins that enter the 10 -year category every day, to be modified for a new version. This rate became positive in April 2024 and remained this way, which enhances the shift of the long -term supply.

In the future, FIDELIETY Digital Promotions that the old offer can reach 20 percent of the total bitcoin by 2028 and 25 percent by 2034. If public companies that retain at least 1000 BTC are included, it may reach 30 percent by 2035.

As of June 8, 27 public companies have more than 800,000 BTC combined, according to the report. This increased institutional presence may increase the extension of the width and increase the effect of long -term bearers over time.