Bitcoin Illiquid Supply Drops by 62,000 BTC as Dormant Wallet Outflows Rise and Whales Accumulate, Suppressing Price Momentum
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
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According to Glassnode, the illiquid Bitcoin supply has begun pulling back, with roughly 62,000 BTC moving from long-term dormant wallets since mid-October, signaling higher on-chain liquidity and a potential shift in supply dynamics.
As the illiquid stock contracts, more tokens may enter the circulating market; without renewed demand, any sustained price uptrend could encounter meaningful resistance.
Historically, this cycle’s illiquid supply once acted as a primary driver, but a recent reversal has softened momentum. Earlier, January 2024 recorded a broader outflow of approximately 400,000 BTC from dormant addresses.
Whale wallets continued accumulation over the past 30 days, with no notable sell-offs since October 15. The largest outflows originated from wallets holding 0.1–10 BTC, a cohort that has trended net sellers since late 2024. Absent stronger spot demand, the on-chain supply-demand gap may keep pressure on prices.