{"id":541590,"date":"2023-07-06T17:30:39","date_gmt":"2023-07-06T17:30:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=541590"},"modified":"2024-06-11T08:14:36","modified_gmt":"2024-06-11T08:14:36","slug":"dormant-bitcoin-supply-peaks-as-institutional-investors","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/","title":{"rendered":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement"},"content":{"rendered":"<p><span class=\"selectable-text copyable-text\">According to recent hedge fund Ark Invest <a href=\"https:\/\/ark-invest.com\/wp-content\/uploads\/2023\/07\/The-Bitcoin-Monthly-June-2023.pdf\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a>, a historical amount of the Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating supply unmoved in June 2023. Despite looming economic uncertainty, this dynamic occurs alongside a surge in institutional interest in the cryptocurrency.\u00a0<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">In June, several factors contributed to the increased robustness of the Bitcoin price action. Ark Invest, a renowned asset management firm, highlighted this trend in its recent Bitcoin report. Their data sheds light on the risen support from steadfast holders and a noticeable shift in institutional sentiment towards Bitcoin.<\/span><\/p>\n<h2><span class=\"selectable-text copyable-text\">Bitcoin Holder Base Strength<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">According to Ark Invest&#8217;s analysis, around 70% of <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin&#8217;s circulating supply<\/a> has not changed hands for at least one year. This statistic signifies an increase in the confidence of long-term Bitcoin investors, contributing to a sturdier holder base.\u00a0<\/span><\/p>\n<p>As seen in the chart below, there has been a spike in Over-the-Counter Transactions (OTC) that hint at growing institutional demand. <span class=\"selectable-text copyable-text\">A one-year high was seen in the balance of BTC held on over-the-counter (OTC) trading desks, typically used as a gauge for institutional activity. <\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">The 60% increase in the OTC <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-miners-send-daily-revenue-to-exchanges\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin balance<\/a> by quarter-end insinuates that institutions and capital allocators are concentrating more on Bitcoin as an investment avenue.<\/span><\/p>\n<p>The report stated the following:<\/p>\n<blockquote><p>In our view, increased balances on OTC desks suggest that institutions and other large capital allocators are focused increasingly on bitcoin.<\/p><\/blockquote>\n<div class=\"related-reading-shortcode\"><\/div>\n<figure id=\"attachment_541604\" aria-describedby=\"caption-attachment-541604\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-541604 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Bitcoin-BTC-BTCUSDT-Chart-1.jpg?resize=860%2C679\" alt=\"Bitcoin BTC BTCUSDT Chart 1\" width=\"860\" height=\"679\"><figcaption id=\"caption-attachment-541604\" class=\"wp-caption-text\">Institutional interest in Bitcoin is rising as per the spike in OTC transactions. Source: Ark Invest<\/figcaption><\/figure>\n<p><span class=\"selectable-text copyable-text\">Meanwhile, diverging trends were noted between USDC and Tether, two prominent stablecoins. While USDC&#8217;s supply shrunk by 37% year-to-date, Tether&#8217;s supply increased by 25%, hitting a record high in June. Ark Invest attributes this divergence to the uncertain U.S. regulatory climate, which might drive some crypto activity overseas.<\/span><\/p>\n<h2><span class=\"selectable-text copyable-text\">Rising Institutional Activity Amid Market Dynamics<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">An interesting development in June was the Grayscale Bitcoin Trust (GBTC) discount reduction went from 42% to 30% following BlackRock&#8217;s <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/btc-uptrend-fidelity-to-submit-bitcoin-spot-etf-filing\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin spot Exchange Traded Fund (ETF) filing<\/a>. According to Ark Invest&#8217;s report, this lower discount implies market anticipation for a Bitcoin spot ETF approval, subsequently enhancing the possibility of GBTC transitioning into an ETF.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Ark Invest&#8217;s report cautioned about potential economic challenges despite these positive indications. According to the Purchasing Managers &#8216; Index, manufacturing sector data suggests a plunge in new orders. Concurrently, the U.S. Gross Domestic Income (GDI) shows signs of contraction, indicating the possibility of an impending recession.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">BTC is <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/analysts-forecast-bitcoin-btc-to-hit-310000-if-this-happens\/\" target=\"_blank\" rel=\"noopener \">trading above $30,000<\/a>, following its recovery from last month when its value dipped below that. The asset&#8217;s downturn was largely spurred by a legal challenge launched by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase, the two foremost crypto exchanges.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/analysts-forecast-bitcoin-btc-to-hit-310000-if-this-happens\/\" target=\"_blank\" rel=\"noopener \">Analyst\u2019s Forecast: Bitcoin (BTC) To Hit $310,000 If This Happens<\/a><\/div>\n<p class=\"selectable-text copyable-text iq0m558w\" dir=\"ltr\"><span class=\"selectable-text copyable-text\">Nonetheless, Bitcoin&#8217;s recent rally comes on the heels of endorsement from <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/blackrock-inches-closer-to-launching-bitcoin-etf-impact-on-btc-price\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">heavyweight financial institutions such as BlackRock<\/a>. This embrace of the digital currency market has injected a dose of optimism, driving Bitcoin&#8217;s substantial growth.<\/span><\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ydueGgBM\/\" alt=\"Bitcoin (BTC)\u2019s price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">Bitcoin (BTC)\u2019s price is moving sideways on the 4-hour chart. Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p dir=\"ltr\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-could-soar-in-next-bull-cycle-predicts-crypto\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin Could Soar To $140,000 In Next Bull Cycle, Crypto Analysis Channel<\/a><\/p>\n<p dir=\"ltr\">Yesterday, the asset reclaimed its $31,000 mark. However, over the past 24 hours, BTC has retraced and currently trades for $30,400 at the time of writing.<\/p>\n<p dir=\"ltr\">Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to recent hedge fund Ark Invest data, a historical amount of the Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating supply unmoved in June 2023. Despite looming economic uncertainty, this dynamic occurs alongside a surge in institutional interest in the cryptocurrency.\u00a0 In June, several factors contributed to the increased robustness of the Bitcoin price action. Ark Invest, a renowned asset management firm, highlighted this trend in its recent Bitcoin report. Their data sheds light on the risen support from steadfast holders and a noticeable shift in institutional sentiment towards Bitcoin. Bitcoin Holder Base Strength According to Ark Invest&#8217;s analysis, around 70% of Bitcoin&#8217;s circulating supply has not changed hands for at least one year. This statistic signifies an increase in the confidence of long-term Bitcoin investors, contributing to a sturdier holder base.\u00a0 As seen in the chart below, there has been a spike in Over-the-Counter Transactions (OTC) that hint at growing institutional demand. A one-year high was seen in the balance of BTC held on over-the-counter (OTC) trading desks, typically used as a gauge for institutional activity. The 60% increase in the OTC Bitcoin balance by quarter-end insinuates that institutions and capital allocators are concentrating more on Bitcoin as an investment avenue. The report stated the following: In our view, increased balances on OTC desks suggest that institutions and other large capital allocators are focused increasingly on bitcoin. Meanwhile, diverging trends were noted between USDC and Tether, two prominent stablecoins. While USDC&#8217;s supply shrunk by 37% year-to-date, Tether&#8217;s supply increased by 25%, hitting a record high in June. Ark Invest attributes this divergence to the uncertain U.S. regulatory climate, which might drive some crypto activity overseas. Rising Institutional Activity Amid Market Dynamics An interesting development in June was the Grayscale Bitcoin Trust (GBTC) discount reduction went from 42% to 30% following BlackRock&#8217;s Bitcoin spot Exchange Traded Fund (ETF) filing. According to Ark Invest&#8217;s report, this lower discount implies market anticipation for a Bitcoin spot ETF approval, subsequently enhancing the possibility of GBTC transitioning into an ETF. Ark Invest&#8217;s report cautioned about potential economic challenges despite these positive indications. According to the Purchasing Managers &#8216; Index, manufacturing sector data suggests a plunge in new orders. Concurrently, the U.S. Gross Domestic Income (GDI) shows signs of contraction, indicating the possibility of an impending recession. BTC is trading above $30,000, following its recovery from last month when its value dipped below that. The asset&#8217;s downturn was largely spurred by a legal challenge launched by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase, the two foremost crypto exchanges. Related Reading: Analyst\u2019s Forecast: Bitcoin (BTC) To Hit $310,000 If This Happens Nonetheless, Bitcoin&#8217;s recent rally comes on the heels of endorsement from heavyweight financial institutions such as BlackRock. This embrace of the digital currency market has injected a dose of optimism, driving Bitcoin&#8217;s substantial growth. Related Reading: Bitcoin Could Soar To $140,000 In Next Bull Cycle, Crypto Analysis Channel Yesterday, the asset reclaimed its $31,000 mark. However, over the past 24 hours, BTC has retraced and currently trades for $30,400 at the time of writing. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":521312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664],"class_list":["post-541590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto"],"acf":[],"yoast_head":"\n<title>Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement<\/title>\n<meta name=\"description\" content=\"According to recent data, a historic amount of Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement","description":"According to recent data, a historic amount of Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/","og_locale":"en_US","og_type":"article","og_title":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement","og_description":"According to recent data, a historic amount of Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating...","og_url":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-07-06T17:30:39+00:00","article_modified_time":"2024-06-11T08:14:36+00:00","og_image":[{"width":1140,"height":815,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement","datePublished":"2023-07-06T17:30:39+00:00","dateModified":"2024-06-11T08:14:36+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/"},"wordCount":584,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","keywords":["bitcoin","btc","btcusd","crypto"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/","url":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/","name":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","datePublished":"2023-07-06T17:30:39+00:00","dateModified":"2024-06-11T08:14:36+00:00","description":"According to recent data, a historic amount of Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating...","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","width":1140,"height":815,"caption":"Bitcoin (BTC)"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement","url":"http:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dormant-bitcoin-supply-peaks-as-institutional-investors\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto"],"dateCreated":"2023-07-06T17:30:39Z","datePublished":"2023-07-06T17:30:39Z","dateModified":"2024-06-11T08:14:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dormant Bitcoin Supply Peaks As Institutional Investors Show Increased Involvement\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dormant-bitcoin-supply-peaks-as-institutional-investors\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dormant-bitcoin-supply-peaks-as-institutional-investors\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Bitcoin.jpeg?fit=1140%2C815\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\"],\"dateCreated\":\"2023-07-06T17:30:39Z\",\"datePublished\":\"2023-07-06T17:30:39Z\",\"dateModified\":\"2024-06-11T08:14:36Z\"}<\/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\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/541590"}],"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\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=541590"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/541590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/521312"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=541590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=541590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=541590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}