Bitcoin's illiquid supply reaches 14 million, returning to historical highs

BlockBeats news, on May 13th, according to Cointelegraph, Bitcoin holding entities are more active than ever before. Glassnode data shows that 14 million BTC are in a "illiquid supply" state, and illiquid supply has returned to historical highs. Bitcoin is increasingly flowing into the hands of entities that do not sell their held assets, while the giant whale is still accumulating after its price has exceeded $100000. If the cumulative BTC inflow and outflow ratio of an entity is below a certain value, the entity is considered illiquid. This week, the illiquid supply slightly exceeded 14 million BTC, with a 30 day rolling increase of 180000 BTC, the largest growth since December 2022. On chain data also shows that Bitcoin whales have continued to accumulate during the recent BTC price rebound, and retail investors seem to be panicking. The key whale tier of Bitcoin (holding 10000-10000 BTC) has cumulatively increased its holdings of 83105 BTC in the past 30 days.