Illiquid Bitcoin Is Now Record 74% of BTC's Circulating Supply. That's Bullish
Almost three-quarters of bitcoin produced is considered illiquid, a record level that suggests increasing scarcity of the cryptocurrency in the market and a potential bullish impact on its price.
Data tracked by ETC Group and Glassnode shows that illiquid entities now own 14.61 million BTC, worth over $826 million at current prices, equating to 74% of the cryptocurrency's total circulating supply of 19.75 million.