Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Bitcoin illiquid supply hits all-time high, rate of change is remarkable
Roughly, 72% of the Bitcoin circulating supply is considered "illiquid"
Quick Take
- Bitcoin's illiquid supply has hit an all-time high of 15.17 million as the dominant behavior continues of hodling.
- ‘Illiquid supply’ refers to the amount of Bitcoin held by entities and is not readily available for trading or selling.
- Currently, 72% of the circulating supply is illiquid, but what is fascinating is the rate of change.
- Only the Luna crash and FTX collapse saw more coins become illiquid at such a pace.
- In the past 30 days, 131,000 Bitcoin have gone “illiquid”; this is the fastest rate of 2023.


















