Supply Last Active 3+ Years Ago
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Supply Last Active 3y+ measures the percentage of circulating BTC whose last on-chain movement was at least three years ago. All older coins remain included, so it is a cumulative age threshold rather than a single HODL Waves band.
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An increase reflects a larger relative stock of coins untouched across several years. The share was 27.853% at the May 2020 halving and 45.227% at the April 2024 halving, later peaking at 46.775% on May 26, 2024. These readings describe the depth of dormancy, not the direction of the next price move.
The three-year wait makes this a slow structural indicator, and lost coins can account for part of the balance. A holder moving BTC to a new wallet resets age even if ownership is unchanged; compare with the two-year share to see whether changes are concentrated in older cohorts.
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- Enkeltverdi
- Data siden
- 2009-01-03
- Nyeste data
- 2026-10-28
- Datapunkter
- 6,508
FAQ
Why does three-year dormant supply lag market events?
Coins only qualify after three years without an on-chain move. A large cohort created during an earlier market phase can enter years later, even when current activity is quiet.
Can the 3y+ share exceed the 2y+ share?
With consistent supply and age definitions, no. Every coin aged three years or more also qualifies for the two-year threshold, so the three-year share is a subset.
Does the 3y+ metric measure holder conviction?
It records persistence of on-chain inactivity, which can be consistent with long-term holding. It cannot distinguish deliberate holding from lost keys or custody arrangements, so conviction remains an interpretation.
