Bitcoin is more than 81% Stop! Don't move.

Bitcoin over 81% hasn't moved for six months: What does the supply drag tell us?

What's this about?

According to a headline in the news category Bitcoin written by Kasamsak Wongsanin, it says that Bitcoin is more than 81% and there has been no movement for over six months. This figure does not talk about price but talks about the behavior of coins on the network: the proportion of Bitcoin that are stored without being forwarded or transferred for a long time, compared with simple models like libraries where most books have already been borrowed and placed on shelves for an extended period of time, leaving fewer ready-to-pick books available.

Why is the number 81% important?

From a market perspective, the actual supply in the hands of short-term sellers may not be equal to all Bitcoin circulating on the market. If most coins are stored for long periods or in pockets outside the exchange, buyers may have to wait or accept higher prices when new orders come in.

What's the drag supply?

Intractable supply refers to a situation in which the quantity of goods available for sale on the market is limited relative to demand, although it does not directly indicate price direction. The term "intractable" can also be used as an indication of market structure: when there are Bitcoin stocks that have been inactive for more than 6 months, those ready-to-be converted into demand or sales may be temporarily sucked out of the system, allowing orders to buy or sell at higher volumes and potentially causing greater changes in prices.

If Bitcoin were to move again, what would happen?

When a long-standing coin is moved, it does not necessarily mean that the owner will always sell. Large block movements may be for transfer of wallets, custodian restructuring, transfers between storage services or preparation for use for other reasons; however, if movement occurs in conjunction with sales on an exchange market, increased demand to sell can make existing shortages tested more quickly. Conversely, if the move was merely internal management, prices might respond much less.

What should Thai investors look out for?

For those who follow the news in Thailand, viewing a ratio of Bitcoin that is not moving should be coupled with local data such as trading volume on platforms registered with the Securities and Exchange Commission's Office. Reference price is THB and updates from Bitkub or other providers in the country because Bitcoin prices in global markets may be reflected by network information but Thai user experience will also be determined by market landscape THB , withdrawal time and communication of the platform in Thailand.

The caveats of data on a blockchain.

The data on the blockchain is useful for understanding market behavior, but it's not a direct gauge of investor sentiment. A ratio of more than Bitcoin to 81% that hasn't moved in over six months may have several limitations: counting stablecoins might include pockets of unsold units or coins lost and unable to actually move, so this figure is appropriate as an overall snapshot of supply rather than a conclusion about whether prices will go up or down immediately.