The Bitcoin Illiquid Supply has reached a new all-time high (ATH), making up around 74% of the circulating supply.
The Illiquid Supply represents the locked-in BTC that is unlikely to move in the near future, while the Liquid + Highly Liquid Supply is constantly changing.
The increase in Illiquid Supply indicates strong hodling sentiment among investors, with available trading supply diminishing.
At the time of writing, Bitcoin is trading at around $64,900, showing a 3% increase over the past week.