Millions of Bitcoin Untouched for a Decade, Analysts Predict Rise in Lost Coins
Willy Woo, a prominent on-chain analyst, recently revealed that many Bitcoins (BTC) have remained inactive for over a decade.
In a message to his Twitter followers, he stated that the amount of BTC that hasn’t moved since 2013 is now worth more than $60.75 billion.
Woo added that approximately 2.6 million coins haven’t been touched for ten years.
“2.6 million coins right now haven’t moved in 10 yrs.
Chainalysis estimated 3.7 million coins were lost (2020 study).
Let’s see if this is supported in a few years, should climb to more than 3.7m coins by 2030.”
His findings come as fellow on-chain analyst Will Clemente highlighted that the amount of Bitcoin remaining inactive for more than ten years is now greater than that held on cryptocurrency exchanges.
READ MORE: Crypto Analyst Predicts Volatile Move to the Upside as Markets De-Correlate
Clemente also noted that the number of Bitcoin network users is increasing, which he views as a positive signal.
During every bear market, short-term tourists leave, but an increasing number of Bitcoin network users stick around.
This is the signal. pic.twitter.com/IBmAaMbJYJ
— Will (@WClementeIII) February 27, 2023
Meanwhile, analytics firm Santiment has reported a trend of BTC being withdrawn from crypto exchanges, leading to a decline in Bitcoin and Ethereum (ETH) supply in these exchanges.
👋 The trend in #crypto, particularly since September, has been coins quickly moving to self custody. This trend picked up after the #FTX collapse. Regardless, with both $BTC and $ETH around 5-year low exchange supplies, future sell-offs will be limited. https://t.co/VrWx8dfcMR pic.twitter.com/10ksxRamkx
— Santiment (@santimentfeed) February 28, 2023
At the time of writing Bitcoin is trading for $23,800 with a 1.75% increase in the past 24 hours and a $24.38 billion volume.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
