The cryptocurrency market is witnessing a significant shift in investor behavior, with a growing trend toward long-term holding of Bitcoin. This change is evidenced by the increasing illiquid supply of Bitcoin, which refers to coins moved out of exchanges and into non-custodial wallets. Recent data from Glass node, a prominent on-chain data analytics firm, highlights a renewed increase in Bitcoin’s illiquid supply since May 2024, signaling a substantial shift in market dynamics.·
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