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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

Bitcoin Dormant Supply: Calm Structure or Warning Sign Ignored?

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    Doc Doc
    On-chain and alt-sector research at The Markets Unplugged. Creator of the Bitcoin Barometer, Ethereum Barometer, Alt Sector Radar and ETH Rotation Index. Host of the Crypto Unplugged podcast.
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  • May 6, 2025
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Bitcoin Dormant Supply: Calm Structure or Warning Sign Ignored?
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Bitcoin holds $94,600 with remarkable poise. Yet as usual, surface sentiment and on-chain reality tell two different stories.

While impatient traders debate local highs and call for tops, Dormant Supply — particularly held by Long-Term Holders (LTH) — remains steady. In my analysis, that is the true story of this phase.

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Doc Doc
On-chain and alt-sector research at The Markets Unplugged. Creator of the Bitcoin Barometer, Ethereum Barometer, Alt Sector Radar and ETH Rotation Index. Host of the Crypto Unplugged podcast.
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