The Illiquid Bitcoin

over 3 years ago

According to a new report by Glassnode, 78% of all Bitcoin is illiquid. That means, only about 22% is available for trading.

https://twitter.com/glassnode/status/1344020551942238212

According to the report, there is a shortage of Bitcoin because it’s being bought up by big investors.

If many bitcoins are illiquid, a supply-side crisis emerges—which has a weakening effect on BTC's selling pressure in the market. A sustained rise of illiquid bitcoins is an indication of strong investor hodling sentiment and a potentially bullish signal.

This trend will surely continue: Liquidity will decrease, while demand will only increase. Bitcoin’s price will continue to rise!

Get you ticket for the ride 🚀