Bitcoin's illiquid supply reaches 14 million, returning to its all-time high

Mars Finance News, on May 13, according to Cointelegraph, Bitcoin holders are more active than ever before. Glassnode data shows that 14 million BTC are in a "non-liquid supply" state, with non-liquid supply returning to historical highs. Bitcoin is increasingly flowing into the hands of entities that do not sell their held assets, and whales continue to accumulate even after the price breaks through $100,000. If an entity's cumulative BTC inflow and outflow ratio is lower than a specific value, the entity is considered non-liquid. This week, non-liquid supply slightly exceeded 14 million BTC, with a 30-day rolling increment of 180,000 BTC, the largest growth since December 2022. On-chain data also shows that Bitcoin whales continue to accumulate during the recent BTC price rebound, while retail investors seem to be in a panic. The key whale level of Bitcoin (holding 10-10,000 BTC) has accumulated an additional 83,105 BTC in the past 30 days.