Bitcoin's Illiquid Supply Surges Past 14 Million, Signaling Long-Term Holding Trend
The current landscape of Bitcoin's supply is witnessing a significant shift, with illiquid supply surpassing 14 million. This trend indicates that a substantial amount of Bitcoin is being held long-term, rather than being actively traded.
Key Implications:
- Increased Confidence: The surge in illiquid supply suggests that investors are confident in Bitcoin's potential for long-term growth.
- Reduced Sell Pressure: With more Bitcoin being held, there's less supply available for immediate sale, potentially reducing downward pressure on the price.
- Growing Adoption: This trend could be linked to growing adoption and recognition of Bitcoin as a store of value.
Market Impact:
The current Bitcoin price is around $103,800, with a 2.07% increase, reflecting a positive market sentiment. As the illiquid supply continues to grow, it's likely to have a stabilizing effect on the market, potentially paving the way for further growth ¹.
Investor Insights:
- Long-Term Perspective: Investors are adopting a long-term perspective, choosing to hold onto their Bitcoin rather than selling.
- Market Maturity: This trend could indicate increasing maturity in the Bitcoin market, as investors become more strategic in their approach.
Overall, the growth of Bitcoin's illiquid supply is a significant development, highlighting the increasing confidence of investors in the cryptocurrency's long-term potential.$BTC