XBT unlock, day three: 769 coins moved, and the new lock is filling up
Two days after the 45-day window unlocked, 769 of its 20,265 XBT have moved: 3.8%. Meanwhile the new 180-day lock has been filling up since Saturday. About 930 XBT of fresh rewards are already locked until late April. Here's where both stand at block 980,215, Monday evening Nov 2.
The unlock: still a drip
| When (ET) | Moved | Share of 20,265 |
|---|---|---|
| Sun Nov 1, ~10am | 266 XBT | 1.3% |
| Sun Nov 1, evening | 366 XBT | 1.8% |
| Mon Nov 2, morning | 642 XBT | 3.2% |
| Mon Nov 2, 7:15pm | 769 XBT | 3.8% |
That's the pace Knots relay policy sets. The rule unlocked everything at block 979,920, but Knots nodes only relay a spend of a reward 6,480 blocks (about 45 days) after it was mined. At block 980,215, that covers rewards from the first ~300 blocks of the window, about 925 XBT. New coins come off the hold at roughly 450 XBT a day, until around block 986,398 in mid-December. The moves line up with that: the latest ones on chain are rewards mined at blocks 973,728 to 973,734, spent as soon as they aged past the hold.
Who's moving
| Pool | Locked in the window | Moved so far |
|---|---|---|
| AlphaPool | 5,789 XBT | 294 XBT |
| Lazarus (xbt.live sponsor) | 4,785 XBT | 120 XBT |
| Quai Network | 116 XBT | 116 XBT (all) |
| DxPool | 1,432 XBT | 81 XBT |
| Bitcoin Xor | 150 XBT | 30 XBT |
| Red Panda Mining | 34 XBT | 31 XBT |
| B2Pool | 1,658 XBT | 18 XBT |
| CONVOY | 2,005 XBT | 0.4 XBT |
Moved isn't sold. Most of these look like pools paying out to their miners, and many miners hold. Live by-pool numbers: unlock tracker.
The new lock is filling up
Every reward from block 979,919 on waits 25,920 blocks, about 180 days. In the 297 blocks since Saturday, that's about 930 XBT of new rewards, plus fees, locked. The first of them unlocks around block 1,005,839, in late April 2027. Each block adds another 3.125 XBT to the pile, so by mid-December, when the 45-day drip ends, roughly 20,000 XBT will be locked under the new rule, about the size of the window that just opened. Then, for about four months, no newly mined XBT reaches the market at all. The supply-shock case, both ways.
The network behind it
- Nodes enforcing the 180-day lock: 789 of 1,141 reachable (69%), up from 741 (65%) at the unlock. The other 352 still follow the old rules. Live node count.
- Hash rate: 45.1 PH/s. 131 blocks in the last 24 hours, a bit under the 144 target.
- No split. The chain moved past block 980,019 with one tip.
Price
XBT was at $366 Monday evening, down 7% on the day. It peaked at about $442 late Sunday night and is still up about 59% from Friday's $230 low. In bitcoin terms, about 0.0048 BTC. How it ran through the unlock.
Unlock trackerMining a locked reward? The tax question
Data from xbt.live's lock tracker and node census at block 980,215 (00:17 UTC Nov 3, 2026). Supply projection assumes about 144 blocks a day. Prices from NeoxEX via xbt.live. xbt.live has referral relationships with NeoxEX and NonKYC. Not financial advice.
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