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2026-01-11 21:24:58 UTC

Bruce⚡️ on Nostr: This "Active / Recent Supply" (approximately 57.2% of all Bitcoin) represents the ...

This "Active / Recent Supply" (approximately 57.2% of all Bitcoin) represents the liquid, tradable, and speculative portion of the network. Unlike the "OGs" who simply hold, this group is price-sensitive and drives the day-to-day market action.

The "Active" supply is deceptive. While 57% looks like a lot of liquid coin, roughly 21% of it (ETFs + Corp Treasuries) is actually in "strong hands" that are unlikely to sell. The true liquid supply available for trading is much tighter, likely closer to 35%.