Who knows what the blue line on this chart represents? 
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The line looks really familiar...
Did you see the hint? I guess your first answer could apply to it but in a different manner.
βHint: If bitcoiners start educating newcomers about what this line represents, the line should begin to trend downward.β
Bitcoin held on exchanges?
Nope
UTXOs clearly π
gold?
DING DING DING
Nope! Itβs UTXOs
View quoted note β
Also this is the absolute upper limit for how many people are currently actually owning bitcoin. In reality the number will be like1/500 of that.
Good point, never thought about that.