Potentially Lost Bitcoin in Dormant Wallets Totals 34% of Supply, Says Glassnode


On-chain market analysis company Glassnode shows that the total amount of long term bitcoin holders or potentially lost bitcoin has reached 33.96%. The total amount is 7,131,084 bitcoin held in these wallets.

The on-chain firm also recently highlighted that bitcoin exchange outflows have returned to a dominance of outflows through August as investors withdraw BTC.

The market has transitioned through a number of phases of exchange flow dominance over the last year, with outflow dominance last seen in late 2020,

the tweet stated.

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