According to Chainalysis, the vast majority of Bitcoin (BTC) is stored as long-term investments, 60% of which are owned by licensed custodians.
The company concluded that stopping Bitcoin supplies makes it look like gold and maintains the original status as digital gold. However, they make it clear that 3.5 million BTC is actively trading, which supports the price:
But this digital gold is backed by an active trading market for those who often prefer buying and selling. The 3.5 million bitcoins used in trading provide the market and determine the price level in the reaction. ”
Chainalysis identifies long-term investors as those who have never sold more than 25% of their assets, noting that these users often hold their assets for many years.
340,000 traders weekly
Further analysis of the trading sector of bitcoin supplies, Chainalysis finds that although retailers are responsible for 96% of transactions, professionals move the bulk of the volume:
“It seems that retailers we attribute to those who invest less than $ 10,000 in bitcoins on exchanges at the same time make up the majority and make up 96% of all transfers sent to exchanges on average per week. However, professional traders control liquidity The market makes up 85% of the value in US dollars of the Bitcoin value sent to the exchanges. ”
The company also concluded that the maximum number of weekly traders in 2020 was 340,000.
60% are held with licensed guardians
About 60% of all bitcoin supply belongs to licensed custodians, virtual asset service providers, or VASPs. These statistics include many exchanges. Coinbase alone has approximately one million bitcoins.
The company estimates that 3.7 million BTC has been lost, including about 1.1 million coins that may have been mined by Satoshi Nakamoto.
The role of the bunker has increased over time, which could set fire to those who think there is a lot of centralization in the crypto region.