Quick Take
- Bitcoin’s illiquid supply has hit an all-time high of 15.17 million as the dominant behavior continues of hodling.
- ‘Illiquid supply’ refers to the amount of Bitcoin held by entities and is not readily available for trading or selling.
- Currently, 72% of the circulating supply is illiquid, but what is fascinating is the rate of change.
- Only the Luna crash and FTX collapse saw more coins become illiquid at such a pace.
- In the past 30 days, 131,000 Bitcoin have gone “illiquid”; this is the fastest rate of 2023.
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