TL;DR

• Institutional investors (aka 'The Big Dogs') have all but stopped shorting (betting against) Bitcoin for the first time in three months!

• 68.5% of Bitcoin in existence has not moved in the past year, 56% hasn’t moved in the past two years - and 40% hasn’t moved in the past three!

• That’s a lot of collective faith in Bitcoin. We love to see it!

Full Story

Alright, time for our bi-weekly(ish) check in with Bitcoin…

Despite Bitcoin’s relatively flat price over the past few weeks, we come bearing good news!

And it comes in two parts:

1. Institutional investors (aka 'The Big Dogs') have all but stopped shorting (betting against) Bitcoin for the first time in three months!
   
   The message being: 'it's unsafe to bet against BTC right now.'
   
   Nice!

2. 68.5% (let’s call it 69%) of Bitcoin in existence has not moved in the past year.
   
   The more folks hold BTC over the long term → the less BTC is available to buy → making BTC more sensitive to increases in demand.
   
   Increased demand + increasing scarcity = positive price movement.
   
   (That's the idea at least).

And the impressive stats from point 2 don’t stop there…

56% of Bitcoin hasn’t moved in the past two years - and 40% hasn’t moved in the past three!

That’s a lot of collective faith in Bitcoin.

We love to see it!