Bitcoin's illiquid supply has reached a new high of 14 million BTC, indicating strong long-term confidence among large investors.
Whales and institutions are holding onto their Bitcoin during price dips, while smaller investors tend to sell, highlighting differing market behaviors and beliefs in Bitcoin's future growth.
The increase in illiquid Bitcoin holdings suggests growing trust among investors who choose to store rather than sell their BTC, leading to a decrease in tokens available for trading.
Recent data from Glassnode reveals that Bitcoin's illiquid supply has hit an all-time high of 14 million BTC, with many investors shifting their coins to wallets that are seldom spent, indicating a strong belief in Bitcoin's future potential.