‘Lost and HODLed’ Bitcoin (BTC) hits 34% of supply, what does this mean?

‘Lost and HODLed’ Bitcoin (BTC) hits 34% of supply, what does this mean?

Data from the on-chain market analysts Glassnode shows the number of hodled or lost Bitcoin tokens has hit a seven-month high of 7,167,889.595 BTC. This represents 34% of the total supply.Source: @glassnodealerts on Twitter.comThis metric is derived by looking at the movement of large and old stashes. But it has limitations in that it cannot distinguish between coins in storage and coins that cannot be accessed.“Some coins are certainly lost as they were associated with a provably un-spendable output script, but the majority of lost coins can only be guessed by setting a threshold of...

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