Cryp2Nova

Comparison on Chain Percentage of Supply Active in 1 Year

Bitcoin

The percentage of BTC's circulating supply that has moved on-chain at least once within the past year.

Why it matters

To measure how much of the supply is actively circulating versus sitting dormant in long-term holder wallets.

How it is built

Dividing the amount of BTC that had at least one on-chain transaction in the trailing 12 months by the total circulating supply, expressed as a percentage.

What to watch

A rising share indicates more coins are changing hands and potentially available to sell, while a falling share suggests supply is being locked away by long-term holders.

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