Bitcoin illiquid supply hits record 14.3M BTC as big investors accumulate
Over 72 percent of circulating BTC is now illiquid, suggesting reduced sell-side pressure and a continued downtrend of Bitcoin supply on cryptocurrency exchanges.
Key takeaways:
Bitcoin’s Illiquid supply now stands at 14.3 million BTC, a new record.
Whales are now absorbing nearly 300% of the newly mined BTC supply.