The illiquid supply of Bitcoin reaches a record of 14.3 million BTC as large investors accumulate

More than 72 percent of Bitcoin in circulation is now illiquid, suggesting reduced selling pressure and a continuous downward trend in the supply of Bitcoin on cryptocurrency exchanges.

The illiquid supply of Bitcoin now stands at 14.3 million BTC, a new record.

Whales are absorbing nearly 300% of the annual mined Bitcoin supply.

The illiquid supply of Bitcoin

BTC

100.062 €

, coins held long-term by holders with little spending history, has reached an all-time high.

Data from the market intelligence company Glassnode shows that the "illiquid supply" of Bitcoin has reached a record of 14.3 million BTC.

The illiquid supply of Bitcoin reaches all-time highs

The number of BTC held by entities for more than seven years without selling has increased by more than 422,430 coins since January 1, reaching a new high of 14.3 million BTC on Friday.

With the current circulating supply of Bitcoin at around 19.92 million, this means that more than 72% of all mined Bitcoin is now classified as illiquid.#BTC $BTC