Bitcoin's Mysterious Dormancy: Only 0.52% in Active Circulation

According to recent data, only 0.52% of Bitcoin's total supply is actively being used on-chain.

This means that most of the Bitcoin in circulation is not being moved or spent, and this phenomenon has been observed since at least 2015.

The reason behind this low activity level is still unclear, but some speculate that it may be due to a combination of factors such as market uncertainty, regulatory pressures, or simply because many users are holding onto their coins for the long-term.