Illiquid Bitcoin Entities Now Control Record 74% of BTC’s Circulating Supply

“Bitcoin’s illiquid supply reached a new all-time high of almost 74% of circulating supply according to data provided by Glassnode, signaling that the Halving-induced supply shock is actually intensifying. This should provide an increasing tailwind for Bitcoin and other crypto assets over the coming months,” André Dragosch, head of research at ETC Group, said in a report shared with CoinDesk.