Bitcoin illiquid supply hits all-time high, rate of change is remarkable

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.

The post Bitcoin illiquid supply hits all-time high, rate of change is remarkable appeared first on CryptoSlate.