Data from Bitcoin financial services firm River Financial shows that 81% of Bitcoin’s circulating supply has remained unmoved for at least six months, leaving fewer tokens available for active trading. The firm said the pool of tradeable supply has tightened as a result. Even so, River Financial noted that this supply shock has not been enough to push Bitcoin above a key resistance level. The update was cited by Techub News, with CoinPedia referenced as the source in the brief. The figures point to a large share of Bitcoin supply staying dormant over an extended period, while price action has yet to break through the level highlighted by the company.
Data from Bitcoin financial services firm River Financial shows that 81% of Bitcoin’s circulating supply has not moved for at least six months, reducing the number of tokens available for active trading.
River Financial said that despite tighter supply, the supply shock has not pushed Bitcoin’s price above a key resistance level.
The brief was carried by Techub News and cited CoinPedia.
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