Insights

Bitcoin SLA hits all-time high in all categories, similar trend seen in the 2015 bear market

exchange68September 13, 2024

0 2 1 minute read

Definition

The percent of circulating supply that has not moved in at least one, two, three, or five years.

Quick Take

As longer-term investors accumulate coins, these metrics will tend to rise. Conversely, as long-term investors spend and distribute their coins, this metric will decline — with older coins becoming young again as they change hands.
This current trend is similar to the 2015 bear market bottom, where all supply last active categories were also at an all-time high. This indicates that hodl’ing is the preferred method of choice.

This chart displays an overlay of multiple Supply Last Active variants, each shown as a percentage of Circulating Supply.

Supply Last Active 1+ Yrs Ago 🔴: 66.90%
Supply Last Active 2+ Yrs Ago 🟠: 49.88%
Supply Last Active 3+ Yrs Ago 🟢: 39.06%
Supply Last Active 5+ Yrs Ago 🔵: 28.11%

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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