In one year, Bitcoin supply fell to 65.8%, the lowest in 18 months.

On Monday, 12.95 million BTC, or 65.84% of the circulating supply of 19.67 million BTC, remained unchanged for over a year, the lowest percentage since October 2022. With nearly a dozen spot exchanges debuting, this indicator has surpassed 70%. In mid-January, US trading funds (ETFs) have continued to decline since then.