ICYMI: Bitcoin illiquid supply is increasing, showing that more investors choose to hold over active speculation and trading BTC $BTC
supply remains illiquid for the last year, which is 0.3% short of the new all-time high. In addition to long-term-held supply increase, there is also an indication of"weak hands" selling their holdings more actively compared to investors who purchased BTC a long time ago.
, the supply that has not moved in over one year is increasing, which shows that more investors choose to hold over active speculation and trading.While we might consider a rise in illiquid supply negative in terms of the traditional economy, the spike in coins unspent would lead to the progressive price increase of an asset, according to the simple law of supply and demand.This is just 0.3% shy of an all-time high.
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