Bitcoin's illiquid supply has reached a record 14 million BTC, indicating a high level of accumulation among hodlers. Data from onchain analytics platform Glassnode reveals that the illiquid supply has seen a notable increase, with a 30-day rolling rise of 180,000 BTC—the most significant jump since December 2022. This trend signifies that Bitcoin is increasingly controlled by entities that prefer to hold rather than sell their assets. Current market conditions have encouraged whale investors (those holding 10-10K BTC) to accumulate an additional 83,105 BTC in the last month, while retail investors seem to be retreating. The growing illiquid supply coincides with an uptick in institutional interest, making Bitcoin a more mainstream investment. With continued price rebounds, particularly as BTC returns to the six-figure range, the overall sentiment among hodlers indicates a strong belief in long-term price appreciation.

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