Over 30% of Bitcoin Supply Inactive for Five Years with Significant Portion Permanently Lost

New data reveals that more than 30% of Bitcoin’s circulating supply has remained untouched for at least five years. This inactivity underscores strong accumulation trends among long-term holders despite prevailing market fluctuations. Simultaneously, approximately 7.5% of Bitcoin’s total supply is estimated to be permanently inaccessible, primarily attributed to lost private keys or unrecoverable storage devices. This permanent loss represents billions of dollars in value irreversibly removed from active blockchain circulation.
Market sentiment during this period leaned bullish, with the Bitcoin Fear and Greed Index recently recording a level of 72. This reading classifies market conditions as ‘greedy,’ reflecting increased trader optimism even amid tightening supply conditions.