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Bitcoin Active Supply Reaches Two-Year Low As Price Continues To Rally

Emily Mason

Summary: As Bitcoin's price continues to rally past its all-time-high price near $20,000, the active supply of the leading cryptocurrency has reached a two-year low of 2,421,150.922 BTC, according to Glassnode data.  The two-year low of active supply of Bitcoin indicates that holders have stopped moving their coins around and may plan to continue holding until the ...

As Bitcoin's price continues to rally past its all-time-high price near $20,000, the active supply of the leading cryptocurrency has reached a two-year low of 2,421,150.922 BTC, according to Glassnode data. 

The two-year low of active supply of Bitcoin indicates that holders have stopped moving their coins around and may plan to continue holding until the rally is over. At the time of writing Bitcoin is trading hands at $20,790 and is up 6.64%.

By Emily Mason

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