The Power of Bitcoin wallets over 10 years old: Increasing Consumption Capacity
In the cryptocurrency market, wallets that have surpassed a decade of user existence are increasingly playing a vital role. These long-term reserves are growing faster than the amount of new Bitcoin mined each day. Every day, the amount of BTC owned long-term increases, creating significant deflationary pressure.
The volume of long-term Bitcoin creates scarcity
Never seen before, the rate of Bitcoin held long-term surpasses the amount of newly mined coins. Wallets over 10 years old largely show no transfer activity, contributing to the increased likelihood of restricted market consumption.
The percentage ratio of ancient Bitcoin to total supply has reached a record level, as long-term sharks are unwilling to sell. | Source: Fidelity Digital Assets
Satoshi Nakamoto – The first ancient sharks
Originally intended as a cryptocurrency for everyday payments, Bitcoin has evolved into a form of financial reserve. For over a decade, long-term holders, especially wallets associated with Satoshi Nakamoto, have accumulated large amounts of BTC with no intention of converting.
Furthermore, the wallets of the early miners also contribute to this ancient group, peaking in 2025. To date, an average of over 566 BTC has moved into long-term storage, far exceeding the amount of newly mined Bitcoin, which is only about 450 BTC per day.
About 17% of the Bitcoin supply – equivalent to 3.5 million coins – is in long-term wallets, unlikely to return to the market. It is expected that the amount of Bitcoin in long-term reserves will continue to increase over time.
The wallets of large sharks are not only large in size but also diverse in quantity. There are currently 93 wallets holding over 10K BTC and more than 2 million wallets containing 1K or more.
The long-term perseverance of ancient sharks
Almost all ancient wallets contain coins that have been lost, forgotten, or unable to move for various reasons. Rarely, these wallets awaken to transfer or sell a portion of their coins.
However, selling Bitcoin is seen as missing out on the long-term potential of the coin, especially as institutions are hoarding Bitcoin to bolster their reserves. Company reserves have owned over 3.39 million BTC and continue to increase over time.
The scarcity potential is further driven by other long-term wallets aged 7-10 years and over 5 years. Meanwhile, the flow of Bitcoin primarily comes from newly created wallets under 3 months or investors taking profits in the recent bull market.
Daily trading has dropped to around 440 thousand BTC, the lowest in 12 months. On-chain activities are shortening, while traders mostly use the derivatives market to trade 'paper BTC'.
An unclear future regarding supply reduction
The supply of Bitcoin may continue to shrink as new reserve sources and retailers run dry. In fact, small holders have sold all their BTC in the past year, creating a slower flow to exchanges, and OTC exchanges have also reduced the available supply.
In the coming years, the amount of Bitcoin that is not moving is expected to rise. Just 500 BTC is enough to establish a reserve fund company. Users may not sell, but instead will leverage the value of Bitcoin through staking, reserving, or lending activities.
Source: https://tintucbitcoin.com/co-xua-bien-mat-btc-khan-hiem-tang/
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