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About 14% Of Bitcoin’s Supply Has Been Redistributed Since July

By Simon LawsonNovember 3, 20221 Min Read
About 14% Of Bitcoin’s Supply Has Been Redistributed Since July
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About 14% of the BTC 3.46%/">Bitcoin supply has been redistributed since July, with a total of 20.1% of Bitcoin suppliers acquired between the equilibrium price ($16,500/BTC) and the realized price ($21,100/BTC).

Both the magnitude of the redistribution of wealth and the eventual concentration of supply at the bottom will be lower in the 2022 cycle than at the end of the 2018-19 cycle.

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This is further evidence that more consolidation and duration may be required to fully form a bear market bottom. However, the redistribution that has taken place so far is significant and certainly shows that a resilient holder base is actively accumulating Bitcoin in this range.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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