According to Odaily, Bitwise's Head of European Research, André Dragosch, recently shared insights on the current state of Bitcoin's supply dynamics. Dragosch highlighted that Bitcoin's illiquid supply has reached an unprecedented level, while the balances held on exchanges have dropped to their lowest in several years. This shift indicates that nearly 75% of Bitcoin's total supply is now considered 'illiquid,' meaning it is held in wallets that are not actively trading or moving the cryptocurrency. In contrast, the proportion of Bitcoin available on exchanges has fallen to less than 14%.
