{"id":367835,"date":"2019-01-10T21:00:28","date_gmt":"2019-01-10T21:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=367835"},"modified":"2024-06-11T07:45:39","modified_gmt":"2024-06-11T07:45:39","slug":"bitcoin-supply-lost-forever","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-supply-lost-forever\/","title":{"rendered":"50% of Bitcoin Supply Hasn\u2019t Moved in a Year, 20% May Be Lost Forever"},"content":{"rendered":"

Bitcoin<\/a> (BTC) earned its digital gold comparison due to a number of factors, but none more-so than its pre-programmed scarcity. There can only ever be a fixed supply of 21,000,000 BTC, as was designed by Satoshi Nakamoto in order to give Bitcoin its deflationary aspect.<\/p>\n

That fixed supply also provides invaluable data to analysts who monitor the movement of BTC in order to attempt to determine potential market trends. Movement data also provides insight into how strong of hands Bitcoin and crypto HODLers have, and could potentially hint at how much BTC is lost forever.<\/p>\n

HODLing Strong: Over Half of Bitcoin\u2019s Supply Hasn\u2019t Move in a Year<\/h2>\n

Research firm Delphi Digital<\/a> is using data from Bitcoin\u2019s Unspent Transaction Output (UXTO) to attempt to determine the pivot point when sellers begin to fade, and accumulation begins, which might indicate if and when Bitcoin\u2019s bottom is in.<\/p>\n

Each time a portion of BTC is spent, a new UXTO is created which denotes when the BTC has been moved. This helps Delphi Digital and other analysts determine just how much of Bitcoin\u2019s supply is patiently being held by investors. If UTXO\u2019s cumulative age drops, it means that transaction activity has picked up, and vice-versa.<\/p>\n

Related Reading | Price Watch: BTC Likely Preparing for Bullish Ride<\/a><\/strong><\/em><\/p>\n

The \u201c1 year+\u201d UXTO first began to decline mid-way through the 2017 bull run, indicating that longer-term holders had begun taking profit and selling off their BTC. The amount of BTC in circulation that had been moved within a year first dropped below 50% closer to the December 2017 peak, and from there began to decline rapidly as the bear market<\/a> picked up steam.<\/p>\n

Ever since April 2018\u2019s trough low, 1 year+ UXTO has begun to rise again, suggesting that sellers have begun to run out of steam, and that the market may have shifted toward accumulation. Comparing this data to previous bull\/bear cycles could help analysts pin point when Bitcoin’s price bottom is in.<\/p>\n

Data from the notorious 2014 into 2015 bear market shows that once 1 year+ UXTO jumped back above 50%, Bitcoin\u2019s price bottom followed soon after. According to current bear market data, 1 year+ UXTO climbed back up over 50% recently, just before Bitcoin\u2019s free fall toward its 2018 low of $3,250.<\/p>\n

20% of Bitcoin\u2019s Supply May Be Lost Forever<\/h2>\n

Lost bitcoins, however, also contribute to the final UXTO value. Delphi Digital also looked at 5+ year UXTO, which represents either the longest-term holders, or the portion of Bitcoin\u2019s supply that has been lost forever, either due to the owner passing away, or investors losing access to their private keys, and therefore their bitcoin.<\/p>\n

Related Reading| Could Satoshi Nakamoto and the CIA Be Connected?<\/a><\/strong><\/em><\/p>\n

5+ year UXTO has been steadily growing since the 2014 peak, and has recently reached its highest amount in the cryptocurrency\u2019s existence, topping out at 20%. This means that over 4 million BTC that will ever exist, could be locked away forever. 4.6% of Bitcoin\u2019s supply alone is locked away in the wallet said to be owned by its mysterious creator Satoshi Nakamoto<\/a>, who has since disappeared without a trace and is thought to be deceased.<\/p>\n

This lost BTC is actually a boon for investors in the cryptocurrency pegged as digital gold, as it makes it even more scarce than originally thought.<\/p>\n

\n
\n
Featured Image from Shutterstock<\/pre>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) earned its digital gold comparison due to a number of factors, but none more-so than its pre-programmed scarcity. There can only ever be a fixed supply of 21,000,000 BTC, as was designed by Satoshi Nakamoto in order to give Bitcoin its deflationary aspect. That fixed supply also provides invaluable data to analysts who monitor the movement of BTC in order to attempt to determine potential market trends. Movement data also provides insight into how strong of hands Bitcoin and crypto HODLers have, and could potentially hint at how much BTC is lost forever. HODLing Strong: Over Half of Bitcoin\u2019s Supply Hasn\u2019t Move in a Year Research firm Delphi Digital is using data from Bitcoin\u2019s Unspent Transaction Output (UXTO) to attempt to determine the pivot point when sellers begin to fade, and accumulation begins, which might indicate if and when Bitcoin\u2019s bottom is in. Each time a portion of BTC is spent, a new UXTO is created which denotes when the BTC has been moved. This helps Delphi Digital and other analysts determine just how much of Bitcoin\u2019s supply is patiently being held by investors. If UTXO\u2019s cumulative age drops, it means that transaction activity has picked up, and vice-versa. Related Reading | Price Watch: BTC Likely Preparing for Bullish Ride The \u201c1 year+\u201d UXTO first began to decline mid-way through the 2017 bull run, indicating that longer-term holders had begun taking profit and selling off their BTC. The amount of BTC in circulation that had been moved within a year first dropped below 50% closer to the December 2017 peak, and from there began to decline rapidly as the bear market picked up steam. Ever since April 2018\u2019s trough low, 1 year+ UXTO has begun to rise again, suggesting that sellers have begun to run out of steam, and that the market may have shifted toward accumulation. Comparing this data to previous bull\/bear cycles could help analysts pin point when Bitcoin’s price bottom is in. Data from the notorious 2014 into 2015 bear market shows that once 1 year+ UXTO jumped back above 50%, Bitcoin\u2019s price bottom followed soon after. According to current bear market data, 1 year+ UXTO climbed back up over 50% recently, just before Bitcoin\u2019s free fall toward its 2018 low of $3,250. 20% of Bitcoin\u2019s Supply May Be Lost Forever Lost bitcoins, however, also contribute to the final UXTO value. Delphi Digital also looked at 5+ year UXTO, which represents either the longest-term holders, or the portion of Bitcoin\u2019s supply that has been lost forever, either due to the owner passing away, or investors losing access to their private keys, and therefore their bitcoin. Related Reading| Could Satoshi Nakamoto and the CIA Be Connected? 5+ year UXTO has been steadily growing since the 2014 peak, and has recently reached its highest amount in the cryptocurrency\u2019s existence, topping out at 20%. This means that over 4 million BTC that will ever exist, could be locked away forever. 4.6% of Bitcoin\u2019s supply alone is locked away in the wallet said to be owned by its mysterious creator Satoshi Nakamoto, who has since disappeared without a trace and is thought to be deceased. This lost BTC is actually a boon for investors in the cryptocurrency pegged as digital gold, as it makes it even more scarce than originally thought. Featured Image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":367836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,18628,18627,3765,18626],"class_list":["post-367835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price-bottom","tag-delphi-digital","tag-satoshi-nakamoto","tag-uxto"],"acf":[],"yoast_head":"\n50% of Bitcoin Supply Hasn\u2019t Moved in a Year, 20% May Be Lost Forever<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) earned its digital gold comparison due to a number of factors, but none more-so than its pre-programmed scarcity. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"50% of Bitcoin Supply Hasn\u2019t Moved in a Year, 20% May Be Lost Forever","url":"http:\/\/uniquehot.com\/news\/bitcoin-supply-lost-forever\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-supply-lost-forever\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/01\/bitcoin-satoshi-nakamoto-shutterstock_770212207.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/01\/bitcoin-satoshi-nakamoto-shutterstock_770212207.jpg?fit=1000%2C667"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price bottom","delphi digital","satoshi nakamoto","uxto"],"dateCreated":"2019-01-10T21:00:28Z","datePublished":"2019-01-10T21:00:28Z","dateModified":"2024-06-11T07:45:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"50% of Bitcoin Supply Hasn\\u2019t Moved in a Year, 20% May Be Lost Forever\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-supply-lost-forever\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-supply-lost-forever\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/bitcoin-satoshi-nakamoto-shutterstock_770212207.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/bitcoin-satoshi-nakamoto-shutterstock_770212207.jpg?fit=1000%2C667\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price bottom\",\"delphi digital\",\"satoshi nakamoto\",\"uxto\"],\"dateCreated\":\"2019-01-10T21:00:28Z\",\"datePublished\":\"2019-01-10T21:00:28Z\",\"dateModified\":\"2024-06-11T07:45:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/01\/bitcoin-satoshi-nakamoto-shutterstock_770212207.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/367835"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=367835"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/367835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/367836"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=367835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=367835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=367835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}