Bitcoin Illiquid Supply Hits Record 14.3M as Long-Term Holders Continue to Accumulate

Bitcoin’s illiquid provide—the portion of cash held by entities with little historical past of spending—has climbed to a brand new file excessive, surpassing 14.3 million BTC in late August, in accordance to Glassnode.

With 19.9 million BTC at the moment in circulation, round 72% of the overall provide is now illiquid, held by entities such as long-term holders and chilly storage traders. This progress highlights a sustained accumulation pattern, even throughout latest market volatility.

In mid-August, bitcoin hit an all-time excessive of $124,000 earlier than retreating roughly 15%. Despite the value pullback, the illiquid provide continued to rise, displaying that holders stay undeterred by short-term corrections.

Over the previous 30 days alone, the online change in illiquid provide has elevated by 20,000 BTC, underscoring persistent investor conviction.

The ongoing enhance on this class suggests tightening provide dynamics that would set the stage for renewed momentum as soon as sentiment recovers. For now, the pattern displays rising confidence in bitcoin as a long-term retailer of worth.