Bitwise analyst: Bitcoin's illiquid supply hits a record high, accounting for nearly 75%

Bitwise's European research director, André Dragosch, posted on X, stating that "Bitcoin's illiquid supply has reached a historic high, while exchange balances have hit a new low in years. Nearly 75% of the supply is considered 'illiquid,' while the remaining supply on exchanges accounts for less than 14%. This means that the scarcity of Bitcoin's supply continues to intensify."