Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Suggests

“If two-thirds of bitcoin is off the market (not for sale) for an extremely long period of time, the price is driven up when more buyers enter the market bidding for a finite supply—a scenario that has played out in bitcoin twice before,” Bhatia noted, adding that there are more unspent one-year plus old coins than ever before.