The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
Despite our cautious macroeconomic outlook, bitcoin supply side dynamics look extremely strong. The amount of bitcoin as a percentage of circulating supply that hasn’t moved in one year or more is approximately 1% away from all-time high levels.
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