Bullish Undercurrents in Play for Bitcoin Prices (BTC), Onchain Data Show

  • September 14, 2023

The percentage of bitcoin’s circulating supply active onchain within the last month fell to a record low of 5.4% early this week, according to Blockware Solutions and Glassnode. In other words, fewer coins are changing hands, indicating supply-side weakness. At press time, bitcoin’s circulating supply was 19.48 million.

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