June 15 (Cointime) - Bitcoin's illiquid supply has reached an all-time high of 72%, according to InvestAnswers, indicating increased confidence in BTC despite regulatory challenges. Illiquid supply refers to the amount of BTC held by entities that historically hold onto at least 75% of their coins.

The rise in the metric coincides with increased enforcement against crypto, including lawsuits filed by the SEC against Binance and Coinbase. The increase in Bitcoin's illiquid supply suggests a belief that the scheduled halving event in April 2024 will send Bitcoin higher.