According to Cointelegraph, Bitcoin has seen the largest increase in illiquid supply in the current bull market, reaching a historic high of 14 million BTC. Whales continue to accumulate as prices rebound to six figures.
Glassnode data shows that Bitcoin's illiquid supply has reached an all-time high, indicating that more and more Bitcoin is entering the hands of entities that do not sell. Illiquid entities are those whose BTC inflow and outflow ratio falls below a certain threshold.
This week, the illiquid supply surpassed 14 million BTC, with a rolling 30-day increase of 180,000 BTC, marking the largest increase since December 2022. Whales and sharks have accumulated 83,105 BTC in the past 30 days.
