Bitcoin's illiquid supply hits a record high, indicating long-term holder confidence.
Bitcoin Illiquid Supply Reaches Record High, Long-Term Holders Keep Accumulating
Despite a 15% decline from August's all-time high, Bitcoin's illiquid holdings continue to grow, reaching a record 14.3 million coins. This trend indicates a strong conviction among long-term holders.
Key Points
- Bitcoin illiquid supply hits 14.3 million, a historical high
- Prices have dropped 15% since August but illiquid holdings are still rising
- Accumulation by long-term holders shows market confidence
In-Depth Analysis
As Bitcoin's price fluctuates, investor behavior in the market changes accordingly. Despite reaching a historic high in August, the price has since seen a 15% correction, yet the illiquid supply continues to increase. This suggests that many investors are opting for long-term holds rather than immediate sales, indicating a bullish outlook on future price increases.
Moreover, the rising number of long-term holders not only reflects price reactions but also signifies a broader recognition of Bitcoin's long-term value as a digital asset. Many analysts believe that the increase in illiquid supply is strong evidence of Bitcoin being viewed as digital gold.
Market Impact
The increase in Bitcoin's illiquid supply could have significant market implications. When a substantial amount of Bitcoin is locked away by long-term holders, the circulating supply diminishes, potentially exerting upward pressure on prices. With growing interest from institutional investors and increased market attention on Bitcoin, price volatility may intensify.
Investment Advice
For those looking to enter the Bitcoin market, choosing a reliable platform is crucial. We recommend trading on
Binance, where you can register via
Binance registration link or directly enter the invitation code
YAOQING88888. This allows you to enjoy the highest 20% fee rebate in the industry, receive up to
$100 in coupons upon registration, and participate in a prize pool worth
$450,000 in BMT and INIT!
Conclusion
The increase in Bitcoin's illiquid supply reflects the confidence of long-term holders. Despite market price fluctuations, the fundamentals for Bitcoin remain strong. Choosing a reliable platform will be key to success for investors looking to enter this space.