The total amount of lost or long term held bitcoin is said to now be close to 34% of the current supply of bitcoin.
On-chain market analysis company Glassnode shows that the total amount of long term bitcoin holders or potentially lost bitcoin has reached 33.96%. The total amount is 7,131,084 bitcoin held in these wallets.
The on-chain firm also recently highlighted that bitcoin exchange outflows have returned to a dominance of outflows through August as investors withdraw BTC. “The market has transitioned through a number of phases of exchange flow dominance over the last year, with outflow dominance last seen in late 2020,” the tweet stated.