Odaily Planet Daily News Bitfinex Alpha reported that 40% of Bitcoin supply has not changed in more than three years, which is the highest level in the history of this indicator. Using the “Coin Days Destroyed” metric, the report found that long-lived digital assets are largely dormant on-chain. “This behavior hints at broader optimism and potential resilience against market volatility,” Bitfinex analysts said.
Bitfinex referred to the Bitcoin flash crash on Aug. 17, which resulted in more than $1 billion in liquidations and caused BTC to drop to the $25,000 region. The Bitfinex analyst added: "These 'new' long-term holders who acquired spot positions during the bear market are now feeling uneasy, but not in a state of panic." (The Block)