"Illiquid Bitcoin Hits All-Time High..." Suggests Accumulation"

Source
Son Min

Summary

  • The illiquid supply of Bitcoin has reached 14 million BTC, achieving an all-time high.
  • It was analyzed that whales and institutions are continuously accumulating Bitcoin.
  • It was reported that the amount of Bitcoin accumulated by whales recently amounts to 83,105.
Source=Glassnode Capture
Source=Glassnode Capture

The illiquid supply of Bitcoin (BTC) (held in wallets without selling) has reached an all-time high.

On the 13th (local time), Cointelegraph cited Glassnode data, stating, "The illiquid supply of Bitcoin has reached 14 million BTC, marking an all-time high." It further analyzed, "Whales and institutions are continuously accumulating Bitcoin."

Meanwhile, according to Santiment data, the amount of Bitcoin accumulated by whales over the past 30 days amounts to 83,105.

As of 8:02 PM, Bitcoin is trading at $103,536 on the Binance USDT market, down 0.97% from 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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