Report: Bitcoin price is determined by less than 50% of circulation

According to the latest CoinMetrics report, the number of Bitcoins in a static state has increased regularly over the past year. Data as of November 31 shows that more than 3 million BTC in the ecosystem have not moved for more than a year. In addition, it is reported that 45,526 bitcoins were not in circulation for at least 12 months before May 18, 2019. The above data also emphasizes that the scarcity value of Bitcoin has increased over time. This shows that the price movements shown during 2019 depend on less than half of Bitcoin in circulation.