Bitcoin's illiquid supply has surged to a record high, exceeding 14.3 million BTC. This increase, which marks a rise of 20,000 BTC in just 30 days, underscores the commitment of long-term holders who have continued to accumulate even after Bitcoin's peak of $124,000 in mid-August. Currently, around 72% of the total circulating supply of 19.9 million BTC is considered illiquid, held by investors with little history of spending, such as long-term holders and those utilizing cold storage. Despite Bitcoin experiencing a 15% decline since its all-time high, the trend of illiquid supply growth suggests a persistent investor confidence in the cryptocurrency as a long-term asset. The increase in illiquid holdings may indicate tightening supply dynamics that could catalyze future momentum in the market once sentiment improves. The data reflects a broader trend of growing trust in Bitcoin as a reliable store of value, irrespective of short-term market fluctuations.

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