New case study reveals that nearly one third of the Bitcoin supply has not moved in the last five years. This indicates the long-term stability of investors. The IntoTheBlock platform reported that as of August 2019, 30.7% of the total Bitcoin supply in circulation remained intact. These investors have lived through the coronavirus crisis, the 2021 bull market, the 2022 bear market, and the recent rally. However, some of this supply may no longer be in circulation due to private keys being lost or unavailable. Recently, the index has declined slightly, suggesting that some older investors were selling Bitcoin for a profit, but the trend has continued since then. Given this resilience, it is unlikely that these investors will easily sell their Bitcoin.
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