Glassnode: Bitcoin's illiquid supply decreases, 62,000 BTC flows out from long-term holder Wallets.

[Glassnode: Bitcoin's Illiquid Supply Decreases, 62,000 BTC Flows Out of Long-Term Holder Wallets] According to Glassnode data, since mid-October, approximately $7 billion worth of Bitcoin has been transferred from long-term holder wallets, leading to a decrease in Bitcoin's illiquid supply, which may make it harder for Bitcoin prices to gain momentum for a rebound. Glassnode pointed out that since mid-October, approximately 62,000 BTC have flowed out of long-term inactive wallets, marking a significant decline not seen since the second half of 2025. Bitcoin's price has retreated from the historical high of over $125,000 set in early October and is currently trading around $113,550 (data from The Block). Glassnode wrote on X: “Interestingly, at this stage, whale wallets are actually still accumulating. Over the past 30 days, whale wallets have been increasing their holdings, and since October 15, they have not sold off significantly.” Glassnode also pointed out that wallets holding between $10,000 and $1,000,000 in BTC have seen the largest outflows, continuing to sell since last November. “Trend-based buyers have basically exited the market, and the demand from dip buyers is insufficient to absorb this selling pressure,” Glassnode stated. “First-time coin buyers are sitting on the sidelines, and this supply-demand imbalance is suppressing prices until stronger spot demand returns.”