Quick Take
The Bitcoin market is currently witnessing pivotal changes in its liquidity dynamics. With the illiquid supply reaching an all-time high at 15.3 million BTC, representing approximately 78% of the Bitcoin circulating supply, it suggests a growing pool of holders committed to their long-term Bitcoin investments.
Concurrently, the liquid supply has retraced to 2012 levels at 1.3 million BTC. This decreasing trend implies a potential shift in the market’s operating behavior, with more entities transitioning to longer-term holding strategies, thus joining the ranks of the ‘illiquid entities’.
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