72% of Bitcoin in circulation becomes illiquid as major investors accumulate
15h05 ▪ 4 min read ▪ by Lydie M.
Bitcoin is becoming scarce… at least on the open market. The “illiquid supply” has just registered a new high at 14.3 million BTC, while whales absorb more than the annual production. As a result, there are fewer coins available for sale and selling pressure is weakening.
$BTC
In brief
14.3 million BTC are now classified as illiquid, which accounts for more than 72% of the circulating supply, greatly reducing the amount available on exchanges.
Whales absorb nearly 300% of the newly issued annual supply, while companies and ETFs already hold 2.88 million BTC
A mostly illiquid bitcoin supply
Bitcoin’s illiquid supply has just broken a record of 14.3 million BTC. Concretely, this means that over 72% of mined Bitcoins are now held by long-term holders, who have very little history of selling. This trend mechanically reduces the amount of BTC available on exchange platforms and eases selling pressure.
