Illiquid Bitcoin Supply Reaches Record Highs Amidst Bullish Trend

Bitcoin’s illiquid supply has surged to a record high, exceeding 14 million BTC. This indicates that investors are accumulating the cryptocurrency rather than selling it, a trend observed during this current bull market. Glassnode data shows the 30-day rolling increase in illiquid supply reached 180,000 BTC, marking its biggest jump since December 2022, likely driven by institutional and large-scale whale accumulation.