Recent analytical data shows that investors have actively pulled their Bitcoin off trading platforms, pushing the illiquid supply of BTC to a new high.
Data shared by popular analytics company Glassnode shows that the illiquid supply of the flagship cryptocurrency has hit a new all-time high, while investors are taking their BTC off multiple centralized crypto exchanges and putting it into cold storage.
By the way, among those transactions, 15,000 Bitcoins were sent between anonymous wallets, according to Whale Alert.
Bitcoin’s illiquid supply spikes to a new peak
According to a Glassnode chart shared by prominent Bitcoin-related Twitter account @BTC_Archive, the illiquid Bitcoin supply that has been rising at a fast pace has hit an all-time high, and the lack of a liquid BTC supply is getting tighter with each passing day.
In another tweet, user @BTC_Archive posted another Glassnode chart, showing that users have withdrawn BTC from multiple crypto exchanges. The chart shows the Exchange Net Position Change index, and it has been going mostly negative.
The whales shovel 950 billion dollars in Bitcoin
Leading crypto tracker Whale Alert reported that 22 hours ago 15,000 Bitcoins (equivalent to $ 949,670,920) were sent from one anonymous wallet (3GNUK7wBUjDQYv8RnBa9qJ5u9igLdLbPdh) to another (bc1qceljac44mjpyv4ssynf6zyszjeq
