Another metric, the long-term holder net position change, shows more than 48,000 BTC were spent in the week ended Nov. 13. Glasnode defines long-term holder supply as the one that is statistically the least likely to be spent. In addition, more than 97,000 BTC that were inactive or dormant for over a year moved last week and possibly returned to the cryptocurrency’s circulating supply.
FTX Collapse Sees Long-Term Bitcoin Holders Shift to Distribution
