According to a new report from Chainalysis, only 3.5 million Bitcoins (about 19% of the supply) were used fortrading.
As of June 2020, 18.6 million BTC have been mined, and the lion's share of these bitcoins are held by investors on a long-term basis.
According to Chainalysis, approximately 60% of the currentBitcoin offers are held by parties that have never sold more than 25% of their cryptocurrency portfolio. The firm has classified these addresses as “long-term investments”.
Another 20% of the current offer did not movefive years or longer. Analysts believe that these bitcoins were “lost.” The remainder of BTC is used for trading, mainly on exchanges. This amount is enough to support the market and accurately determine the price of BTC.
The report also indicated that in 2020 about340,000 people actively traded bitcoin. Chainalysis divides traders into two categories: retail and professional. Retail traders are those whose BTC deposit does not exceed $ 10,000.
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Based on materialswww.theblockcrypto.com
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