The percentage of bitcoin’s circulating supply active onchain within the last month fell to a record low of 5.4% early this week, according to Blockware Solutions and Glassnode. In other words, fewer coins are changing hands, indicating supply-side weakness. At press time, bitcoin’s circulating supply was 19.48 million.
Bullish Undercurrents in Play for Bitcoin Prices (BTC), Onchain Data Show
