Bitcoin Illiquid Supply Drops 62,000 BTC as Whales Accumulate
Glassnode data shows Bitcoin illiquid supply has dropped by 62,000 BTC since mid-October, taking off-market coins down to 14.303 million BTC. This shift in Bitcoin illiquid supply follows yearlong selling by mid-size wallets (0.1–100 BTC), boosting liquid supply. The wider availability has pressured the price from over $125,000 in early October to roughly $115,000 today.
Momentum traders have largely exited, and dip-buyers have not absorbed the extra coins. Meanwhile, whale accumulation has picked up: large wallets added 16,300 BTC in the past 30 days. Binance’s BTC reserves also fell to about 613,000 BTC, signaling private accumulation.
Analysts now expect Bitcoin to trade in a $108,000–$115,000 range unless new buying demand emerges. Traders should monitor Bitcoin illiquid supply trends and whale activity to gauge upcoming volatility and identify trading opportunities.
Neutral
The 62,000 BTC drop in Bitcoin illiquid supply boosts market availability and has exerted downward pressure on price, driving it from over $125,000 to around $115,000. Continued selling by mid-size wallets and the failure of dip-buyers to absorb extra coins suggest limited demand in the short term. However, increased whale accumulation (16,300 BTC added in 30 days) and lower Binance reserves indicate significant private buying, which could stabilize prices. Overall, without fresh demand, Bitcoin is likely to trade sideways within $108,000–$115,000, marking a neutral impact on market direction.