Bitcoin
The non -liquid offer increased to 14.37 million BTC, going from 13.9 million BTC at the beginning of 2025, according to Glassnod data.
With the current Bitcoin supply supply, at around 19.8 million, this means that more than 72% of all BTC extracted is now classified as illiquid.
The non -liquid offer refers to the part of the BTC held by entities with minimal spending behavior, such as long -term investors and cold wallet holders. These parts are actually removed from the market, reducing the amount available for trading.
While more and more investors are choosing to store Bitcoin rather than exchanging it, the liquid part of the shrinking offer, tightening market availability.
This trend is important because an increasing non -liquid offer often reflects an increasing confidence of investors and a long -term conviction. It also creates the potential of a supply side, where growing demand meets the limited available supply, historically associated with Haussiers price movements.
The continuous increase in the illiquidity of Bitcoin supports the story of Bitcoin as a reserve of value. If this trajectory is valid, it could exert upward pressure on the price, in particular in the context of the increased interest in the market and the decrease in the emission of minors.
This underlines the liquidity analysis as a key indicator for the feeling of the market and the action of future prices.
