Illiquid Bitcoin Now Accounts for a Record 74% of BTC's Circulating Supply

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. Illiquid Bitcoin has risen to a record high of 74% of the circulating supply. An indication of the increasing scarcity and a potential bullish impact on the cryptocurrency's price that attract by E DC Group. And Glass note shows that illiquid entities now own 14.61 million Bitcoin worth over $826 million at current prices. Equating to almost three quarters of Bitcoin's to circulating supply of 19.75 million etc group head of research, Andre Deroche told Coindesk in a shared report that the level is pointing to the intensifying having induced supply shock. As of 9:30 a.m. Eastern time, the leading Cryptocurrency is trading below $56,700. That's it for chart of the day. I'm Jen Sanna. We'll see you next time to unpack more of the data behind top news stories.