[Glassnode: Bitcoin Illiquid Supply Declines, 62,000 BTC Flow Out from Long-Term Holder Wallets] According to a report by Jinse Finance, Glassnode data shows that since mid-October, approximately $7 billion worth of Bitcoin has been transferred out of long-term holder wallets, leading to a decline in Bitcoin's illiquid supply. This may make it more challenging for Bitcoin's price to gain upward momentum. Glassnode pointed out that since mid-October, around 62,000 BTC have flowed out of wallets that had been inactive for a long time, marking the first significant decline since the second half of 2025. Bitcoin's price, which had reached a historical high of over $125,000 in early October, has fallen in recent weeks and is currently trading near $113,550 (data from The Block). Glassnode wrote on X: 'Interestingly, during this phase, whale wallets are actually still accumulating. Over the past 30 days, whale wallets have been increasing their holdings, with little significant selling since October 15.' Glassnode also noted that wallets holding between $10,000 and $1 million worth of BTC have seen the largest outflows, with consistent selling since November of last year. 'Trend buyers have largely exited the market, while demand from dip buyers is insufficient to absorb the selling pressure,' Glassnode stated. 'First-time Bitcoin buyers remain on the sidelines, and this supply-demand imbalance is suppressing prices until stronger spot demand returns.'