Quick Take
Bitcoin’s illiquid supply has hit an all-time high of 15.17 million as the dominant behavior continues of hodling.
‘Illiquid supply’ refers to the amount of Bitcoin held by entities and is not readily available for trading or selling.
Currently, 72% of the circulating supply is illiquid, but what is fascinating is the rate of change.
Only the Luna crash and FTX collapse saw more coins become illiquid at such a pace.
In the past 30 days, 131,000 Bitcoin have gone “illiquid”; this is the fastest rate of 2023.
Illiquid Supply: (Source: Glassnode)
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