Chainalysis is a company that tries to monitor and investigate sources and destinations of possibly illegal or fraudent transactions but in the end it simple means - its scouting blockchain to find all users and places they want.
Today they released report which says that most of investors held their position during this summer and didnt dump BTC after fall from 20 000 in december.
What is more interesting in their findings is that 36% of Bitcoins in circulation are probably lost or unmined.
30% of bitcoin held come from investors and just 22% are used by speculators to move markets.
If this analysis is true we should see bull market coming soon and the prices of old ATH 20k USD to be surpassed.
On the other hand we know its impossible to verify if coins are really lost or just untouched so that report i suggest to treat with a grain of salt.
Full text: https://blog.chainalysis.com/reports/money-supply-q3
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