New research released by Chainalysis indicates that most of the circulating supply of Bitcoin is being held by investors over the long term.

According to for data As shown by Chainalysis, only a small portion of the newly mined and mined bitcoin is in circulation, while the rest is held and stored.

According to the same report, about 20% or more was lost due to forgotten wallets, not to mention the six or seven digit amount of bitcoin that belonged to the creator of bitcoin called “Satoshi Nakamoto.”

As for the rest of the circulating supply, about 60% of Bitcoin is held long-term by market participants, plus people or companies never offer more than 25% of what they hold for sale, often holding it for years.

Read:Several Chinese arrested in Thailand, suspected of being involved in crypto fraud

About 3.5 million bitcoins are actively traded by retail traders, who account for 96% of this amount.

For information, the term “retailers” refers to those who are not affiliated with any financial institution, while according to other definitions, such as the definition of Chainalysis, the term “retailers” refers to entities that move amounts less than 10 thousand dollars.

According to one the report More than $625,000 have been pouring into cryptocurrency exchanges every week since 2018 in payments divided between $10-$1,000.

While there are other transfers of $125,000 that enter the trading platforms in the form of blocks ranging between $1,000 and $10,000.

Chainalysis describes this demographic and divides it into whales, financial institutions, and retailers.

The Chainalysis report figures that out of the 340,000 active bitcoin traders per week, 4% of the traders are identified as professional entities, representing about 14,200 entities responsible for 85% of all bitcoin sent to exchanges.

Analytics firm Chainalysis says:

For this reason, professional traders are the most important contributors to large market moves, such as those seen during the massive Bitcoin price drop in March as the coronavirus crisis intensified in North America.

Read:Bitcoin P2P trading volume reaches record levels in several countries

However, professional traders are few in number, transferring all this value in an average of 39,000 weekly transfers in 2020.

Read also:

Mining Pools Decide to Distribute Mysterious $2.4 Million Ethereum Transaction Fee

Binance records leadership in BSV coin mining despite being delisted