Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%

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BTC's percent of supply last active 1+ years ago vs price. (Glassnode)
Bybit

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On Monday, 12.95 million BTC, equating to 65.84% of the circulating supply of 19.67 million BTC, remained unchanged for over a year, the lowest percentage since October 2022. The metric peaked above 70% with the debut of nearly a dozen spot exchange-traded funds (ETFs) in the U.S. in mid-January and has been falling ever since.

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