{"id":44649,"date":"2025-06-19T14:23:17","date_gmt":"2025-06-19T11:23:17","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44649"},"modified":"2025-06-19T15:22:22","modified_gmt":"2025-06-19T12:22:22","slug":"historic-milestone-in-bitcoin-dormant-supply-surpasses-new-supply","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/historic-milestone-in-bitcoin-dormant-supply-surpasses-new-supply\/","title":{"rendered":"Historic Milestone in Bitcoin: Dormant Supply Surpasses New Supply\u00a0"},"content":{"rendered":"<p><span data-contrast=\"auto\">According to <strong>Fidelity\u2019s report,<\/strong> the amount of <strong>Bitcoin dormant for 10 years<\/strong> or more has exceeded the daily new supply. This strengthens BTC\u2019s scarcity claim. However, some long-term investors have recently been taking profits.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On average, 566 BTC per day fall into this <strong>\u201cancient supply\u201d<\/strong> category, while current daily BTC production remains around 450 coins. This development marks the first time in <strong>Bitcoin\u2019s<\/strong> history that long-term held coins are growing faster than new supply. This data stands out as a significant factor reinforcing Bitcoin\u2019s scarcity narrative.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Fidelity analyst Zack Wainwright said, \u201c<em>The strong conviction of ultra-long-term investors is increasingly influential on the Bitcoin ecosystem<\/em>.\u201d According to the report, <strong>ancient supply<\/strong> is increasing regularly every day. The daily decrease rate in this supply category is less than <strong>3%<\/strong>.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As of June 8, 17% of all bitcoin falls into the category of \u201cancient supply\u201d\u2014meaning these coins have not moved in a decade or more. What could this mean for scarcity, market dynamics, and investors\u2019 conviction? Find our team\u2019s thoughts: <a href=\"https:\/\/t.co\/EALzrfS92c\">https:\/\/t.co\/EALzrfS92c<\/a> <a href=\"https:\/\/t.co\/Ckm3MylTLY\">pic.twitter.com\/Ckm3MylTLY<\/a><\/p>\n<p>&mdash; Fidelity Digital Assets (@DigitalAssets) <a href=\"https:\/\/twitter.com\/DigitalAssets\/status\/1935336706116313429?ref_src=twsrc%5Etfw\">June 18, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-contrast=\"auto\">Bitcoin Supply Exceeds 3.4 Million BTC, Yet Market Remains Unmoved<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">With the dynamics changing after the 2024 halving, the dormant <strong><a href=\"https:\/\/coinengineer.net\/blog\/ethereum-and-bitcoin-supply-hits-historic-lows\/\">Bitcoin supply<\/a> over 10 years<\/strong> has surpassed 3.4 million BTC. This corresponds to about 17% of the total supply. Coins believed to belong to Satoshi Nakamoto constitute roughly one-third of this ancient supply. However, many of these coins are likely lost.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile, there has been a more frequent decrease in ancient supply since the 2024 US elections. The report states that the supply of coins held for five years or more has dropped by <strong>39%<\/strong> daily since the election. This rate was normally only around 13%.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Some long-term investors are realizing profits. As uncertainty increases, the number of coin movers also rises. Wainwright notes that these movements may partly explain the price stagnation and declines seen in the first quarter of 2025.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, an important warning exists. The <strong>dormant supply<\/strong> surpassing new supply does not necessarily mean a <strong>short-term price<\/strong> increase. On the contrary, increased supply activity can exert downward pressure on prices. Although 2025 is traditionally considered the peak of the Bitcoin bull cycle, <a href=\"https:\/\/coinengineer.net\/blog\/strong-institutional-inflows-into-spot-bitcoin-etfs\/\"><strong>BTC<\/strong><\/a> has only risen by 12% since the start of the year.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Fidelity notes that as institutional products increase, ancient supply becomes more widespread. This feature differentiates <strong>Bitcoin<\/strong> from other assets and could become even more critical in potential demand growth.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Last week, we highlighted how <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> wallets that held &gt;12m were the primary profit-takers. But that trend has now flipped. Yesterday:<\/p>\n<p>\ud83d\udd39 &lt;12m cohorts accounted for 83% of all realized profit<br \/>\ud83d\udd39 6\u201312m holders alone realized $904M &#8211; second-highest daily profit YTD <a href=\"https:\/\/t.co\/gBD8tLCjVG\">pic.twitter.com\/gBD8tLCjVG<\/a><\/p>\n<p>&mdash; glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1934880686315565323?ref_src=twsrc%5Etfw\">June 17, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-contrast=\"auto\">On the other hand, <strong>Glassnode data<\/strong> reveals a shift in investor behavior. Profit-taking trends have reversed among different investor groups.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Fidelity\u2019s report, the amount of Bitcoin dormant for 10 years or more has exceeded the daily new supply. This strengthens BTC\u2019s scarcity claim. However, some long-term investors have recently been taking profits.\u00a0 On average, 566 BTC per day fall into this \u201cancient supply\u201d category, while current daily BTC production remains around 450 coins.<\/p>\n","protected":false},"author":36,"featured_media":44650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[4851,16790,18665,16296,18663,18664,18669,18668,7869,18666,7968,18667],"class_list":["post-44649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-bitcoin-halving-2024","tag-bitcoin-investor-behavior","tag-bitcoin-market-trends","tag-bitcoin-profit-taking","tag-bitcoin-scarcity","tag-bitcoin-supply-dynamics","tag-bitcoin-supply-growth","tag-crypto-supply-analysis","tag-dormant-bitcoin","tag-fidelity-bitcoin-report","tag-long-term-bitcoin-holders","tag-satoshi-coins"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Historic Milestone in Bitcoin: Dormant Supply Surpasses New Supply\u00a0 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/historic-milestone-in-bitcoin-dormant-supply-surpasses-new-supply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Historic Milestone in Bitcoin: Dormant Supply Surpasses New Supply\u00a0 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to Fidelity\u2019s report, the amount of Bitcoin dormant for 10 years or more has exceeded the daily new supply. This strengthens BTC\u2019s scarcity claim. However, some long-term investors have recently been taking profits.\u00a0 On average, 566 BTC per day fall into this \u201cancient supply\u201d category, while current daily BTC production remains around 450 coins.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/historic-milestone-in-bitcoin-dormant-supply-surpasses-new-supply\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-19T11:23:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-19T12:22:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/06\/taslak-ce-2025-05-24T162313.898-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yeliz Akmaca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yeliz Akmaca\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/historic-milestone-in-bitcoin-dormant-supply-surpasses-new-supply\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/historic-milestone-in-bitcoin-dormant-supply-surpasses-new-supply\/\",\"name\":\"Historic Milestone in Bitcoin: Dormant Supply Surpasses New Supply\u00a0 - 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