According to Hodlwaves from Unchained Capital, which determines the speed of bitcoins circulating by forecasting the outcome of unspent bitcoin transactions (UXTO), 41.6% of BTC transfers were carried over the last year. Coins, which languished in the direction of three to five years, account for 14.4% of the combined size of supplies of BTC. More than 21% of Bitcoin’s have not been carried forward since 2015. Bitcoins that have not moved in the direction of 2 years account for 42% – this is the highest threshold since June 2017. Short-term holding decreases since 2017 Since June 2017, the short-term speed has not decreased too much: daily speed makes up on average almost 2%, and weekly – about 6.7% of the joint supply size. At the time of this writing, 4.6% of all bitcoins were transferred in the last 7 days, of which 1% circulated in the direction of the last 24 hours. The percentage of coins circulating every year has fallen by more than 5% from 45.58% in February 2019 to 40.24% in February 2020. Bitcoin Demonstrates Power The rise in the number of idle BTCs has increased along with several indicators of the base strength for bitcoins. On March 1, the bitcoin hash rate reached a fresh record high, more than 136 million (TH / s). A record was subsequently received of such as BTC every day tested the past highest values for all the time until 2020 and coincided with a Sunday local price minimum amount within $ 8500. The report, posted by Glassnode on February 27, further endorsed the fundamental power of BTC, arguing that the costs themselves seem to be underestimated when considering operations from within the network. Glassnode co-founder Jan Happel told the Cointelegraph: “Network energy and recovery have been restored since last year. For example, the number of transactions, adjusted by essence, is again increasing. In essence, this is a continuous number of transactions between different objects, but it does not connect transactions that occur at the addresses of the 1st and the same object. The number of addresses with a non-zero balance still reaches fresh record highs every week. ” The declining per day amounted to 2.6%, and the capitalization (total value of all coins) fell to $ 156.5 billion. And this despite the fact that on February 13, bitcoin was worth $ 10,444, that is, $ 1864 more. However, this is not the biggest loss of bitcoin owners. The lowest mark since the beginning of the year was recorded on January 3. Then the cryptocurrency fell in price to $ 6980. The lack of correlation between Bitcoin and the wider financial market reduces the potential impact of macro events on cryptocurrency prices. But when overall market sentiment and productivity increase as a result of rising liquidity, the influx into high-risk assets is more likely to increase than not. Central banks, which previously refused to provide incentives to ensure the sustainability of long-term economic growth, began to issue powerful stimulus packages to stimulate the global economy. The last week has seen a significant increase in the movements of a large number of BTC between large wallets. Bitcoin is currently neither an asset nor a risk (CC) The actions of whales and traders using borrowed funds are much more significant than any macroeconomic problems. Everything that happens worries investors and brings confusion to various financial markets, including cryptocurrency. But as they say, some die at war, and some make profits of it. In a situation of uncertainty, cryptowhales continue to manipulate the market, increasing their income.