Active Supply of Bitcoin (BTC) Reaches a New All-Time High in 3 years

According to the recent data from the Glassnode agency, the top digital asset Bitcoin’s active supply over a 2-3 year period has just hit a new all-time high recording a 3-year high of 2,774,058.143 on April 11, 2020.


BTC active supply recorded its previous 3-year high of 2,773,962.212 yesterday on April 10 as observed by Glassnode.

This indicates that Bitcoin holders are continuously but hesitatingly moving their coins as the third-ever Bitcoin halving event which is set to happen in May is only left with one month to go. The upcoming halving event is likely to influence Bitcoin’s price in a positive way as expected by people.

Number of Addresses holding over one BTC rise to a new ATH

Not only BTC active supply has recorded a new all-time high but also the number of Bitcoin addresses holding more than one BTC has reached another new all-time high of 803,335.000 breaking the previous all-time high of 803,319.000 which was recorded on April 10, 2020, according to the report of the Glassnode agency.

This indicates that people’s trend to buy more bitcoin is on the rise. The leading digital asset has achieved both of these new all-time highs on the same day of April 11, 2020.

BTC balance on crypto exchanges reaches a six-month low

Where BTC active supply and the number of addresses holding more than one BTC has reached their new all-time highs, the total balance of Bitcoin available on the cryptocurrency exchanges has moved down to a six-month low of 2,231,259.713 BTC as reported by Glassnode on 10th April.

According to the data from Glassnode, 2,236,484.277 BTC was the previous six-month low recorded on April 5, 2020.


The reason behind the drop is that Bitcoin holders are increasingly withdrawing their coins from the crypto exchanges which lead BTC balance on exchanges to go down.

On the other hand, Bitcoin’s price value is not currently doing well at the moment as the leading digital asset is trading in the bearish zone holding a mark of $6,838.39 USD at the press time.

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