Bitcoin Lost Coin Supply Is Trending Lower – Here’s What To Know
Bitcoin's price volatility has led to a retest of the $83,000 level, drawing attention to a key trend: the declining supply of lost coins. On-chain analyst Joao Wedson notes this isn't coincidental but driven by Bitcoin approaching the $100,000 mark, which altered economic incentives. Previously inactive coins are moving due to custody changes, address migrations, and long-term holders distributing assets. Simultaneously, recovery efforts for lost coins from old backups and hard drives are increasing, effectively reviving once "economically dead" BTC. This reduces perceived scarcity but reflects Bitcoin's growing value. Meanwhile, large investors are accumulating low-leverage long bets, while high-leverage retail positions have been liquidated.
bitcoinist01/30 22:32
