Short-Term Bitcoin Holders Have Capitulated

Two-thirds of Bitcoin in circulation hasn't moved in over a year

Cryptocurrency exchanges saw record-breaking inflows amid the Terra collapse that roiled the cryptocurrency industry last month.

As reported by U.Today, the price of Bitcoin briefly crashed to the $25,000 level. The demist of the Terra blockchain was one of the biggest black swan events crypto has ever seen. However, the market managed to partially recover from the massive fiasco. Bitcoin is still trading below the $30,000 level at press time. The cryptocurrency is on track to post negative returns for the tenth week in a row.

Now that the largest cryptocurrency is in the middle of another bear market, some believe that it could end up dropping to

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