June 30 (Cointime) - Bitcoin HODLers are continuing to accumulate at a rate of 194,500 BTC per month, according to on-chain data from Glassnode. The illiquid supply of BTC, referring to wallets held by entities with little to no history of spending their coins, is also growing at rates near the cycle high.
This supply includes high-conviction BTC investors who have participated in low amounts of selling. The current value of the illiquid supply change indicator suggests that HODLers are buying at a rate of 194,500 BTC per month, which is a positive sign for the Bitcoin rally.
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