According to the latest data from on-chain analytics platform Glassnode, circulating bitcoin Much of its supply is illiquid. Only 22% of the BTCs produced so far are exchanged between investors.
The total illiquid supply of Bitcoin has reached 15 million units. This figure corresponds to 78% of the total BTCs produced.
not in circulation BTC The high ratio indicates that large investors hold cryptocurrencies instead of trading when market movements occur.
glassnode Researchers announced that the rate of Bitcoin parked in wallets has increased rapidly in recent weeks. According to the illiquid supply table, more than 240 thousand BTC has been withdrawn from the open market recently. According to the data, this figure shows the largest liquidity change in the last 5 years.
Experts commented on the rise in liquidity change as follows:
“Long-term investors stop selling and start accumulating BTC again. The amount of periodic Bitcoin withdrawn from liquidity is at the peak of the last 5 years.”
Latest Status in Bitcoin
The leading cryptocurrency gained 4.39% after Fed Chairman Powell’s statement yesterday. Today, there is a slight correction after the uptrend.
The leading cryptocurrency is currently trading at $16,950. According to the daily chart, the resistances in front of Bitcoin are $ 18,600, $ 21,350 and $ 22,500, respectively.
On the downside, maintaining the $15,700 support is of great importance. If this level is broken, a fresh decline towards $14,000 could begin.
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