CoinVoice recently learned that Bitwise's Head of Research for Europe, André Dragosch, posted on X stating: 'The illiquid supply of Bitcoin has reached an all-time high, while exchange balances have hit a new low in years.'
Nearly 75% of the supply is considered 'illiquid', while the remaining supply on exchanges accounts for less than 14%. This means that the scarcity of Bitcoin's supply continues to intensify. [Original link]