JAKARTA Long-term Bitcoin holders or commonly called holders are reported to have sold nearly 50,000 BTC. The sale took place on May 15 yesterday. This is the highest Bitcoin sales record in 2023.
According to a CryptoSlate report, a number of wallet addresses or wallet addresses selling Bitcoin have held BTC for more than a year and sold 18,000 Bitcoins a few days ago.
Then, the wallet address holding the number one digital asset in the world for more than two years has sold 17,000 BTC. Meanwhile, Bitcoin holders for more than three years have sold 17,000 BTC.
That way, the number of supplies circulating in the market has increased after the sell-off of Bitcoin holders. This is commonly called the restored supply after years of being stored on the wallet.
According to data from analytic firm Glassnode, Bitcoin's supply has increased in recent months. The same thing happened in November 2022, where Bitcoin supply increased by 110,000 BTC and 95,000 BTC. This figure represents Bitcoin sales of around US$2 billion (Rp29.7 trillion) and US$1.6 billion (around Rp23 trillion).
Glassnode also explained that in June 2022, Bitcoin supply increased by 100,000 BTC, which is equivalent to USD 2.4 billion (IDR 35.7 trillion) during sales.
At the time of writing, Bitcoin is trading at IDR 399 million per coin. BTC prices fell 0.4 percent in the last 24 hours. BTC broke its all-time high price (ATH) on November 10, 2021. At that time BTC touched IDR 984,115,318 per coin.
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