Bitcoin Exposures Surge to 31.2% as $500B Rests Behind Keys
Key Summary
Glassnode reports 6.26 million BTC, or 31.2% of supply, is exposed in visible onchain addresses, with the count rising amid AI-driven market fears
Background
Glassnode says 6.26 million BTC, or 31.2% of supply, now sits in addresses whose public keys are already visible onchain. The count is rising just as an AI-driven cryptography scare hits the market.
The number seems to be rising at a rapid pace, so much so that in a thread Glassnode explains the implications of this trend and what it may mean for the future of the cryptocurrency market.
• 31.2% of Bitcoin supply is currently exposed in visible onchain addresses.
• The count is rising amid market fears and an AI-driven cryptography scare. • Glassnode will continue to monitor and analyze this trend for future insights.