Data: Bitcoin's non-liquid supply hits a historical high, accounting for nearly 75%
Bitwise Europe Research Director André Dragosch stated in a post on X: "Bitcoin's illiquid supply has reached an all-time high, while the balance on exchanges is at its lowest in years.
Nearly 75% of the supply is considered 'illiquid', and the remaining supply in exchanges accounts for less than 14%. This means that Bitcoin's scarcity continues to intensify."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.