Fidelity Digital Assets released a new one report This reveals that for the first time in history, more Bitcoin is introducing ‘Ancient Supply’, which refers to coins that have remained unmoved for 10 years or longer, then be mined.
From 8 June, an average of 566 BTC per day will cross the threshold of 10 years, while only 450 BTC is spent daily after the Halving of 2024. 3
“The share of the old offer also increases every day, with daily decreases perceived less than 3% of the time,” says the report. “On the other hand, that number increases to 13% when the threshold is lowered to Bitcoin holders of five years or more.”
The old stock of Bitcoin has grown since January 1, 2019, when Satoshi Nakamoto became the first 10 -year -old holder. Today, more than 3.4 million BTC falls into this category, worth more than $ 360 billion. It is believed that approximately 1/3 belongs to Nakamoto.
Despite their rising value, holders in the long term do not cash. The old range makes up more than 17 percent of all Bitcoin, and that share continues to grow.
Since the Halving in 2024, the number of coins that comes in consistently has consistently exceeded the number of new coins that is being mined according to the report. This shift emphasizes the growing long -term conviction in holders and reflects a wider tightening of Bitcoin’s liquid food.
After the American elections in the US, the old supply fell at 10% of the days, which is almost four times higher than the historical average. Movement among the holders was even more pronounced, with daily falls that took place 39% of the time.
To better follow this trend, Fidelity uses a metric called the Ancient Supply Hodl rate. It measures how many coins enter the 10 -year category every day, adapted for new issue. This percentage became positive in April 2024 and remained in this way, which strengthens the long -term prohibition shift.
Looking ahead, Fidelity Digital Assets projections that the old offer could reach 20 percent of the total Bitcoin by 2028 and 25 percent by 2034. If public companies that entail at least 1,000 BTC with at least 1,000 BTC, this can reach 30 percent by 2035.
From 8 June, 27 public companies have combined more than 800,000 BTC according to the report. This growing institutional presence can further tighten the offer and increase the influence of long -term holders over time.
