Bitcoin Supply Tightens as Dormant Coins Resurface
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The amount of Bitcoin that has not moved for ten years or more is outpacing new supply, according to new findings from Fidelity.
An average of 566 BTC per day is falling into this long-term “ancient supply” bucket, compared to the current daily issuance rate of 450 BTC, reported Fidelity Digital Assets on June 18.
This trend marks the first time in Bitcoin’s history that long-term held coins are growing faster than new supply, potentially reinforcing the asset’s scarcity narrative.
It also noted that the share of ancient supply tends to increase each day, with daily decreases observed less than 3% of the time.
“The strong conviction of these ultra-long-term holders is having an increasing influence on the wider Bitcoin ecosystem,” said Fidelity research analyst Zack Wainwright.
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