🪙 Bitcoin's 'Illiquid' Supply Soars to New All-Time High Near 15M Tokens
The illiquid supply of Bitcoin, which refers to the number of bitcoins that are held in wallets and are unlikely to be sold, has reached a new all-time high of nearly 15 million tokens. This indicates that a significant portion of the total Bitcoin supply is not readily available for trading or spending, as it is being held by long-term investors or users who are not actively participating in the market.
The high level of illiquid supply suggests a growing level of scarcity and potential for increased price volatility in the Bitcoin market, as the available supply for trading and transactions is reduced. This development is likely to be of interest to Bitcoin investors and analysts, as it provides insights into the overall market dynamics and the potential impact on the price and adoption of the cryptocurrency. #2024withBinance #Write2Earn!
