As the uncertainty with exchanges continues, the Bitcoin Illiquid Supply is rising even further as people keep transferring their BTC to cold wallets.

There are not words that could possibly describe the drama of the past days here, from the two biggest exchanges being targeted by the SEC to Robinhood delisting Crypto to some alts like SOL, ADA and MATIC dropping -20% in hours and obviously also our MOONS dropping -30% due to one sale. Hell of a week it has been.

But one thing has been almost unfazed for this whole mayhem and that is the King, Bitcoin, itself. Not only does BTC hodl it‘s crucial $25k support right now, but the BTC dominance has also made a 2-year high right now and the best metric of all is the BTC illiquid Supply.

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Bitcoin Illiquid Supply Chart from Glassnode

The illiquid supply shows the supply that is not available to trade right now, meaning it is on cold wallets. Especially with the FUD around exchanges right now more and more are taking their Crypto out of them for cold wallets. This also shows how much conviction the markets still have left even in grim and sluggish situations as right now.

I feel like once we win over the current dark times in Crypto, we will be stronger than ever. With millions taking self-custody seriously and knowing the dangers of the markets to even explain them to all the possible newcomers.