Bitcoin

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<p>The post <a href="https://cryptosnewss.com/bitcoins-illiquid-supply-reaches-record-high-of-74/" rel="noopener noreferrer nofollow">Bitcoin&#39;s Illiquid Supply Reaches Record High of 74%</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p><p>Bitcoin&#39;s illiquid supply has <a href="https://x.com/btcjvs/status/1845486362855616813" rel="noopener noreferrer nofollow">reached </a>a new all-time high, with 74% of the cryptocurrency&#39;s circulating supply now classified as illiquid. This significant milestone, reported by ETC Group and on-chain analytics firm Glassnode, underscores a growing trend of long-term holding among Bitcoin investors.</p><h2 id="header-0">Key Insights</h2><ul><li><strong>liquid Supply Definition:</strong> Bitcoin is considered illiquid when it is held by entities that show minimal selling activity. These entities are often long-term holders who are unlikely to sell their Bitcoin in the near future.</li><li><strong>Current Figures:</strong> As of the latest data, approximately 14.61 million BTC, worth over $826 million, are held by these illiquid entities. This represents 74% of the total circulating supply of 19.75 million BTC.</li><li><strong>Market Impact:</strong> The increasing illiquid supply suggests a growing scarcity of Bitcoin in the market. This scarcity could potentially have a bullish impact on Bitcoin&#39;s price, as fewer coins are available for trading.</li><li><strong>Halving Influence:</strong> Analysts believe the recent Bitcoin halving event has contributed to this trend. The halving reduces the rate at which new Bitcoins are created, leading to a supply shock that intensifies the scarcity.</li></ul><h2 id="header-1">Implications for Investors</h2><p>The rise in illiquid supply is a positive sign for long-term <a href="https://cryptosnewss.com/bitcoins-path-to-67k-major-liquidation-levels-and-whales-influence/" rel="noopener noreferrer nofollow">Bitcoin</a> holders, as it indicates a strong belief in the cryptocurrency&#39;s future value. However, it also means fewer Bitcoins are available for trading, which could lead to increased price volatility. For investors, this trend signals the importance of considering long-term holding strategies and being prepared for potential market fluctuations.</p><h2 id="header-2">Future Outlook</h2><p>As Bitcoin continues to gain mainstream acceptance, the trend of increasing illiquid supply is expected to persist. Major institutions and investors will likely keep accumulating Bitcoin, reducing the circulating supply. This could drive demand and push prices higher over time. Additionally, the ongoing development of Bitcoin&#39;s infrastructure and regulatory advancements will play a crucial role in shaping its market dynamics.</p><h4>Conclusion</h4><p>Bitcoin&#39;s illiquid supply reaching a record high of 74% is a noteworthy development in the cryptocurrency market. It highlights the growing trend of long-term holding and the potential bullish impact on Bitcoin&#39;s price. As the market continues to evolve, investors will be closely watching these trends to make informed decisions. The scarcity of Bitcoin in the market is likely to drive future price movements and reinforce its position as a valuable digital asset.</p><p>The post <a href="https://cryptosnewss.com/bitcoins-illiquid-supply-reaches-record-high-of-74/" rel="noopener noreferrer nofollow">Bitcoin&#39;s Illiquid Supply Reaches Record High of 74%</a> appeared first on Cryptos Newss.</p>

Bitcoin's Illiquid Supply Reaches Record High of 74%

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