Bitcoin over 81% has been sitting idle for more than six months, indicating that the market is beginning to contract.
#The bitcoin#The crypto market#Thai investors#on-chain Analysis of the whole thing. - What is it? - It's all right#The supply squeeze
The latest on-chain data indicates that more than Bitcoin 81% of the total supply has been unmoved for over 6 months. This figure is referred to in on-line analytics circles as a sign that actual rotating supplies in the market are beginning to shrink.
What's a "six months without moving" statistic?
When we talk about Bitcoin coins, there's no movement. It means that the coins are not transferred between pockets for a certain period of time -- in this case, more than six months -- every transaction on an Bitcoin network is recorded on a public blockchain so analysts can count backwards to see how big most of them actually were.
The figure over 81% means that out of the total Bitcoin in existence, almost 8 out of 10 coins have been "frozen" for more than half a year, regardless of whether prices rose or fell during this period.
Who's holding the medallion for this group?
In general, long-standing coins tend to fall into three main groups: long-term holders with a high level of trust over the long term; institutional and corporate funds that hold Bitcoin as backup assets; and coins lost due to forgotten passwords or inaccessible wallets, which is a phenomenon that has occurred throughout Bitcoin 's history.
Why is a tight supply so important?
The simple principle is that the market price is determined from only those coins which are "actually in circulation", not all of them, as more coins81% remain stationary while less remains20% - i.e., supply ready to trade and responding to demand on a daily basis.
As a result, markets tend to be more sensitive to news and the flow of money in and out. If there is an increased demand for buying but limited supply willing to sell, price pressures are reflected faster than when holders sell; conversely, many stagnant coins have also been interpreted as reflecting the confidence of long-term holders who do not panic about selling even at fluctuating prices.
What does this have to do with Thai investors?
For buyers through the Thai market such as Bitkub who trade in a paired form of BJP ( THB ), the global tight supply situation has a direct effect on the depth of the market and price differential seen on the board, because prices in the Thailand market move mainly alongside world reference prices. The less supply that actually circulates, the more severe short-term fluctuations can be in both directions.
At the same time, Thai investors should keep in mind that digital marketplaces in Thailand are regulated by the SEC (Thailand) (Office of the Securities and Exchange Commission), which sets rules on trading platforms and consumer protection.
How do you read this number correctly?
Coin stagnation statistics for over 6 months are one of the indicators on a chain that analysts use as part of an overall view, but should not be used alone because it is impossible to say when stable coins will start moving and the reason why they may differ in each group of holders. What the numbers tell us most clearly is that Bitcoin 's supply structure currently relies on a minority of real circulating coins, and the behavior of this group will be a determinant factor in the next phase.
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It's a warning.
This article is only a collection of information for the sake of knowledge, not investment advice. Digital assets are high-return and risky investments that can lose all their capital. Readers should carefully study the data, use intuition to make their own decisions, and invest as much as they can afford to take risks.
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