According to the report, only 19% of all bitcons dug up are actively traded

According to a recent report by cryptocurrency and blockchaib market analysis firm Chainalysis, less than one-fifth of bitcoin mined is [...] https://www.pinterest.com/pin/1085437947660215829/

Less than one-fifth of mined bitcoin is actively traded, while the remainder is held by long-term investors, according to a recent report by cryptocurrency and blockchaib market analysis firm Chainalysis. Only 19% of bitcoin is actively traded Data released by the company shows that only 19% of all bitcoin mined to date is changing hands. 20% of bitcoin is lost, ending up in dead and forgotten wallets (not to mention the BTC wallet owned by anonymous bitcoin creator Satoshi Nakamoto). About 60% of bitcoin in circulation, is held long-term by various market participants. "Moreover, these entities - whether people or businesses - have never sold more than 25% of the bitcoin they have ever received, and have often held onto these BTC for many years," - the report said. More interesting data from Chainalysis Of the 3.5 million bitcoin that are currently actively traded, 96% of the volume comes from so-called retail investors. Typically, a "retail" investor refers to any market participant not affiliated with a financial institution, but in the Chainalysis report, this is defined as any entity that trades $10,000 or less in a given time period. As a result, the majority of transfers to cryptocurrency exchanges (more than 625,000), each week since 2018, occurred in amounts between $10 and $1,000. In contrast, 125 thousand transfers were made in amounts between $1,000 and $10,000. Chinalysis cross-referenced this data with the number of professional traders. This study included institutional traders, but did not exclude whalers who operate independently of institutions. It showed that of the 340,000 weekly active traders, 4% (about 14,200) are professional traders and they are responsible for 85% of the "dollar value of BTC sent to exchanges." "For this reason, professional traders are the largest contributors to large market movements, such as those seen during Bitcoin's dramatic price drop in March as the Covid-19 crisis intensified in North America. However, professional traders are few in number, having traded such amounts making just 39,000 transfers per week in 2020," - the analyst firm said. Tags bitcoin btc Chainalysis