Bitcoin hit its new ATH without fresh supply, forcing buyers to chase dormant coins

Bitcoin didn’t reach its new ATH with widespread coin movement or a surge in recycled supply. The rally came as large portions of Bitcoin’s UTXO set continued to age, locking up liquidity instead of distributing it. Between Feb. 28 and May 28, the share of the UTXO set classified as long-term (outputs older than 6 […]