Express

Glassnode Report: 78% Of Bitcoin Supply Is Illiquid

Mary Liu

Summary: Currently, 78% of Bitcoin supply is illiquid, according to a new report from the on-chain analysis platform Glassnode. The analysts divide Bitcoin's liquidity into three types: high liquidity, liquidity, and illiquidity. The results of the study show that illiquidity entities currently hold 14.5 million BTC (78% of the circulating Bitcoin supply), and only 4.2 million ...

Currently, 78% of Bitcoin supply is illiquid, according to a new report from the on-chain analysis platform Glassnode. The analysts divide Bitcoin's liquidity into three types: high liquidity, liquidity, and illiquidity. The results of the study show that illiquidity entities currently hold 14.5 million BTC (78% of the circulating Bitcoin supply), and only 4.2 million BTC (22%) are in liquidity. In addition, the report concluded that there is a clear relationship between Bitcoin's liquidity and its market. In 2020, more than 1 million BTC are illiquid, and the current bull market is driven by large amounts of illiquid Bitcoin.

By Mary Liu

Last Update:

Tags: ,,,
Link: Glassnode Report: 78% Of Bitcoin Supply Is Illiquid   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.