Illiquid Bitcoin Entities Now Management File 74% of BTC’s Circulating Provide

“Bitcoin’s illiquid provide reached a brand new all-time excessive of virtually 74% of circulating provide in keeping with knowledge supplied by Glassnode, signaling that the Halving-induced provide shock is definitely intensifying. This could present an growing tailwind for Bitcoin and different crypto property over the approaching months,” André Dragosch, head of analysis at ETC Group, mentioned in a report shared with CoinDesk.