Bitcoin’s illiquid supply surges after market turmoil

Quick Take

• Last week, CryptoSlate analyzed that illiquid supply hit an all-time high as short-term holders started to hold more Bitcoin off exchanges.
• A further deep dive shows; after each crisis, albeit the crypto or tradfi industry, illiquid supply surges for Bitocin.
• The more investors get burnt due to liabilities outside their control; they rush to take self-custody of their Bitcoin off exchanges.
• We expect this long-term trend to continue as humans are inherently greedy and corrupt, so that self-custody will become even more important.
• Roughly 15 million Bitcoin in illiquid supply, divided by 19.3 million Bitcoins in circulating supply which gives us 78% of the circulating supply is illiquid.

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