Bitcoin’s Illiquid Supply Hits Record High of 14 Million BTC

Bitcoin’s illiquid supply has reached an all-time high, exceeding 14 million BTC, representing a significant portion of its total supply. This growing amount signifies a market trend toward holding rather than trading, potentially influencing future price trends. 71% of Bitcoin’s overall supply is currently locked up, according to data from Glassnode and CryptoRank. This surge in illiquidity coincides with increased accumulation by institutional investors, as evidenced by whale wallet activity showing over 83,000 BTC recently accumulated. As a result, the market has experienced significant price fluctuations and potential for further volatility.