June 20 (Cointime) - Analytics firm Glassnode reports that Bitcoin is being withdrawn from crypto exchanges and accumulated by long-term investors, or HODLers, ahead of the upcoming halving event. The steady outflow of BTC from exchanges suggests a significant accumulation wave, similar to those seen before previous Bitcoin bull markets. Glassnode's data also shows that Bitcoin's illiquid supply has reached an all-time high, with entities historically holding onto at least 75% of their coins. The next halving event is estimated to take place on April 14, 2024, and will reduce the amount of new BTC issued to miners.
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