Drag Record increase in illiquid Bitcoin supply: Whales aren't selling, they're hoarding

Record increase in illiquid Bitcoin supply: Whales aren't selling, they're hoarding

In recent weeks, the cryptocurrency market has experienced significant changes that suggest long-term investors and whales are becoming more active than ever. The latest data shows that bitcoin's illiquid supply has reached a record 14 million BTC, the highest in history and a strong signal of confidence in the cryptocurrency's long-term growth.

What is illiquid supply and why is it important?

According to analytics platform Glassnode, illiquid supply is the share of BTC held by so-called illiquid entities - that is, entities that do not sell their coins at weaker price levels, but hoard them in anticipation of long-term price growth. This share is measured by the "liquidity" indicator, which gives a number from zero to one. Higher values mean that a larger proportion of holders do not want to sell their BTC, a clear signal of confidence in future market growth.

Record levels of illiquid supply

Currently, Bitcoin's illiquid supply stands at over 14 million BTC - more than ever before. This week saw a 30-day rolling increase of 180,000 BTC, representing the biggest jump since December 2022. That's when the bitcoin market was nearing the end of a bearish period, when the price of BTC fell by more than 77%, reaching a level just above $15,000.

Currently, the price of bitcoin is back to six figures, currently hovering around $103,188. This growth is attracting big players who are returning to the market, while also showing that long-term holders believe in further growth and do not hesitate to hoard BTC even at higher prices.

Whales and institutional interest

Research companies point out that whales - holders of more than 10,000 BTC - are actively participating in this growth. In the last 30 days, they have collected an additional 83,105 BTC, further strengthening their position in the market. This suggests that the big players are not afraid to bet on long-term growth and are prepared to hold their positions even at higher prices.

According to analysts, this trend is a clear signal of confidence in bitcoin as a long-term value and means of wealth preservation. With the growing illiquid supply and increasing number of whales in the market, the price of BTC is expected to continue to rise, despite short-term corrections.

Conclusion: long-term confidence in Bitcoin is clear

The state of the bitcoin market suggests that more and more investors believe in its long-term potential. Record illiquid supply and active whale hoarding are clear signals that confidence in bitcoin is on the rise. If this trend continues, we can look forward to further growth momentum and a strengthening of the cryptocurrency's role as a stable investment vehicle.

Want to be part of this dynamic market? Join the millions of people around the world who trust cryptocurrencies and start your investment journey on platforms like Coinbase. Take the first step towards the future of finance with confidence and security!


*This is not an investment recommendation.


Coingarage team