Long-term Bitcoin holders have reached a new milestone. According to GlassNode data, the supply of illiquid Bitcoin has reached a new record of 14.3 million BTC coins.
Over the past 30 days, 20k BTC has been added to millions of unloaded coins. This shows a strong accumulation from institutional and retail investors. Instead of selling after BTC prices fell 9.5% from their all-time high of $124,128, Bitcoiner has proven they have diamond hands.
Whales continue to accumulate bitcoin
Coingecko data shows that around 19.9 million BTC coins are circulating. The 14.3 million coins that remain in motion represent 72% of the circulation supply. Il-liquid Bitcoin is held by early adopters, crypto exchanges, exchange trade funds (ETFs), and institutional investors such as Strategy and Metaplanet.
Source: GlassNode
Doormant Bitcoin Wallets include things linked to mystical things Satoshi Nakamoto. It is estimated that the creators of Bitcoin will control 1.096 million BTC untouched between 2009 and 2011. Other dormant wallets are estimated to hold 240,000 BTC. Some of these coins have not been moved since 2011. Recent Transfers Of the 80,000 btc from early whales, these coins remain overwhelmingly frozen.
Coinglass Data shows that the percentage of Bitcoin in centralized exchange has declined over the past 12 months. Last year, the intensive exchange held 2.82 million BTC coins. However, as of today, this number has dropped by 22.7% to 2.18 million Bitcoin.
The institutional demand is fire. today, Metaplanet I bought 136 Bitcoin worth approximately $15.28 million. The Japanese company has a total of 20,136 bitcoins in the Ministry of Finance. Meanwhile, the strategy is actively purchasing BTC. An American company led by Michael Saylor. Today, they acquired 1,995 BTC, paying a total of $217.4 million. That’s about $111,196 per BTC coin.
According to Coingecko, the strategy includes the world’s largest Bitcoin Treasury Ministry. The company holds 3.040% of its overall supply of Bitcoin. At this point, a total of 115 entities, consisting of businesses and governments from 29 countries, are piling up Bitcoin significantly. The entity manages approximately 1,496 million BTC coins.
Bitcoin moved sideways last week. Crypto King has risen 1% in the last 24 hours, trading at $112,346. BTC has traded volumes of $33 billion, and cryptocurrency has been moving in a positive direction over the past seven days.
