Inactive Bitcoin Supply Back on Uptrend (BULLISH)

Currently over 57% of circulating supply has not moved in at least 1 year (some of which is lost coins). Some may call this a supply squeeze as this indicator trends up, we see less selling pressure relative to circulating supply so in theory if demand (buying) comes back online strong than we should see price appreciation. This chart in 2022 will be interesting to watch and gives me comfort that we have not ended the upward trend in this halving cycle.