With the drop in price in HIVE the HBD supply has dropped as well. We are now at 11.5M HBD, while a month ago we were around 12.2M, or somewhat of a reduction in 0.7M. In relative terms that is around 6% reduction in the circulating supply. Most of this HBD was converted to HIVE or bought by the stabilizer at low prices and sent to the DHF.
This is the freely circulating HBD excluding the DHF supply, that is around 22M.
The chart is zoomed in to notice the movements.
The long term chart looks like this.
Here we can see that in the last two years the HBD supply is quite stable in the range of 10M to 12M HBD.