Bitcoin’s Historic Supply Shift: Dormant Growth Surpasses New Issuance Post-Halving
Bitcoin's supply dynamics have reached a historic milestone, with the growth rate of dormant BTC held for over a decade now exceeding the network's daily issuance of new coins for the first time. According to Fidelity Digital Assets, this shift began after April 2024's halving event, with 566 BTC daily entering 'ancient supply' status compared to 450 BTC in new daily supply. This development highlights the increasing scarcity of Bitcoin as more than 17% of its total supply remains dormant, signaling strong long-term holder confidence and potential upward pressure on prices.
Bitcoin’s Dormant Supply Growth Outpaces New Issuance for First Time
Bitcoin’s supply dynamics have reached a historic inflection point. For the first time since its creation, the growth rate of BTC held dormant for over a decade now exceeds the network’s daily issuance of new coins. Fidelity Digital Assets reports this shift began after April 2024’s halving event, with 566 BTC daily entering "ancient supply" status versus 450 BTC in new daily supply.
More than 17% of Bitcoin’s total supply—over 3.4 million BTC—has remained stationary for at least ten years. This includes coins mined during Bitcoin’s earliest days, with creator Satoshi Nakamoto’s holdings crossing the decade threshold in January 2019. The trend underscores growing conviction among long-term holders, though some dormant coins may represent permanently lost access.
Fidelity’s analysis reveals ancient supply decreases occur on fewer than 3% of trading days since 2019. The firm emphasizes how this accelerating scarcity fundamentally alters Bitcoin’s value proposition, with inactive supply now acting as a stronger price floor than mining rewards.
Bitcoin Bull Run Shows No Signs of Slowing as Key Metrics Align
Bitcoin's sustained position above $104,000 underscores a robust market, yet on-chain indicators suggest the rally is far from over. Absent are the typical signs of euphoria or overheating, pointing to a more sustainable upward trajectory rather than a speculative surge.
The MVRV ratio, currently at 2.25, remains well below historical bull market peaks NEAR 3.5. This gap implies significant room for growth before the market reaches overbought territory. Meanwhile, negative sentiment persists, with a Weighted Sentiment score of -0.723 reflecting lingering skepticism—a contrarian signal often preceding further gains.
Bitcoin Stuck Above $100K: Who’s Selling and Slowing the Next Big Rally?
Bitcoin's price has been range-bound between $100,000 and $110,000 for more than 40 days, defying expectations of a breakout despite robust ETF inflows and favorable market conditions. The stagnation appears driven by profit-taking across investor cohorts, from short-term traders to long-term holders and even miners.
Glassnode data reveals 83% of recent realized profits came from wallets holding BTC for less than a year, with six-to-twelve-month holders liquidating $904 million worth—the second-largest daily sell-off this year. Long-term investors joined the exodus in early June, cashing out $1.2 billion in gains.
Miners are compounding the pressure, offloading reserves to lock in profits at elevated prices. This confluence of selling has created a supply overhang that’s neutralizing institutional demand, leaving the market in equilibrium. The question now is whether fresh catalysts can absorb this liquidity and reignite upward momentum.
Best Crypto Casino Canada: Top Canadian Bitcoin Casinos with Fast Payout & Exclusive Bonuses
Cryptocurrency casinos are gaining traction in Canada, offering players a secure and anonymous way to engage in online gaming. bitcoin and other digital currencies streamline transactions, reduce fees, and ensure rapid payouts. Leading platforms like Ignition, Bitstarz, Mbit, and Cloudbet stand out with generous bonuses, diverse game offerings, and user-friendly interfaces.
These casinos comply with Canadian regulations, emphasizing fair play and financial transparency. Players can refer to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for details on legal transactions and anti-money laundering measures.
The Canadian crypto casino market has evolved, with top platforms for 2025 including Ignition (300% match up to $3,000), Bitstarz (5 BTC + 180 Free Spins), and Mbit (Up to 4 BTC + 325 Free Spins). These casinos blend excitement with security, catering to both newcomers and seasoned players.
The Smarter Web Company Expands Bitcoin Treasury to 346 BTC After Successful Fundraise
The Smarter Web Company has significantly bolstered its Bitcoin holdings, acquiring an additional 104.28 BTC at an average price of £77,751 per coin. This £8.1 million purchase brings its total BTC treasury to 346.63 coins, valued at approximately £27.2 million. The MOVE follows a highly oversubscribed fundraising round that netted £29.3 million—nearly double its initial £15 million target.
London-listed and strategically focused, the firm views Bitcoin as a cornerstone of its 10-year financial plan. Despite slight shareholder dilution (7.39%), directors maintained their positions, signaling confidence in the company's crypto-forward strategy. The capital influx underscores institutional appetite for Bitcoin-centric investments, even at premium price levels.
Swiss National Bank Reinstates Zero Interest Rate Policy, Potentially Boosting Bitcoin
The Swiss National Bank has cut its benchmark interest rate to zero, reviving a COVID-era monetary policy that previously fueled rallies across financial markets—including cryptocurrencies. Thursday's decision marks the sixth consecutive reduction since March 2024, aimed at combating deflationary pressures from a strengthening franc and global trade tensions.
This return to zero-rate territory signals potential contagion to other advanced economies. Historically, such accommodative policies have driven capital toward alternative assets. Bitcoin, which thrived under similar conditions during 2020-2021, may see renewed institutional interest as yield-seeking behavior intensifies.
