62,000 BTC Unlocks Bitcoin Liquidity Surge, Stalls Rally
Glassnode data shows a 62,000 BTC outflow from long-term wallets into liquid supply since mid-October, coinciding with Bitcoin’s fall from $125,000 to $115,000. This marks the first notable decline in non-liquid supply since H2 2025, reshaping market structure and boosting Bitcoin liquidity. Mid-sized holders (wallets with $10,000–$1 million) drove most of the selling, while whale addresses continued multi-million-dollar accumulation. Approximately 82.3% of circulating BTC remains in profit, limiting panic selling but highlighting stagnant new demand. With short-term momentum traders exiting and no fresh capital inflows, the surge in available supply may cap near-term price momentum. Longer term, Fidelity Digital Assets projects that by Q2 2032, 42% of Bitcoin supply will be illiquid, underlining ongoing scarcity. Traders should monitor Bitcoin liquidity trends, Glassnode non-liquid supply metrics, whale activity, and macro catalysts for potential breakout signals.
Neutral
This news shows a significant rise in Bitcoin liquidity that could increase selling pressure and limit short-term price gains, while sustained whale accumulation and long-term non-liquid supply forecasts provide support. With short-term momentum traders exiting and no fresh inflows, near-term breakout momentum is muted, but long-term scarcity remains intact. Bullish and bearish factors are balanced, resulting in a neutral impact on Bitcoin price.