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TronWeekly

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Bitcoin Bull Strength Grows as Illiquid Supply Hits 14 Million

  • 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.

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