TechFlow reports, according to Glassnode data, long-term investors are rapidly buying bitcoin, leading to insufficient market liquidity. The Net Position Change indicator shows that long-term investors or wallets holding tokens for at least 155 days have accumulated 50,000 BTC (1.35 billion USD) per month. The total amount of BTC held by long-term holders has reached a record high of over 14.859 million, accounting for 76% of the cryptocurrency's circulating supply.
"Currently, holders are safeguarding more than 50,000 bitcoins per month, indicating tight supply and a general reluctance to trade. The market is experiencing an ongoing state of token dormancy," Glassnode stated in its latest report.
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