Record number: Over 7 million BTC are heard or are lost

Record number: Over 7 million BTC are heard or are lost
over 7 million BTC "heard or lost"
The BTC Prize has doubled this year, and yet long-established investors apparently have no interest in selling their shares. On-chain data support this assumption and show that more and more Bitcoins are being “heard or lost”.
The metric "Hodled or Lost Coins" from Glassnode continues to record new record heights. This metric is based on the "liveliness" of the Bitcoin blockchain, i.e. how much of the existing offer is moving and in what resting phase it is. It provides information about how stagnating the offer is and how many bitcoins are probably out of reach for an indefinite period, for example because their owners have lost access to their wallets.
The "Hodled or Lost Coins" segment currently comprises 7.77 million BTC worth around $ 233 billion. This is the highest value in five years. It has long been estimated that around 20 % of the total of 21 million bitcoins could be excluded from traffic forever.
The fact that so many bitcoins are obtained or lost may have an impact on the market and the price. The limited supply can increase demand and continue to drive the course up.
It is important to note that this article does not contain investment advice or recommendations. Annex and trade measures pose risks and it is recommended to carry out your own research and analyzes before decisions are made.
Source: Glassnode