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THE ACCESSIBLE $BTC SUPPLY IS AT A CRISIS LOW.
Only 28% of the $BTC supply is liquid and accesible.
The Illiquid Supply hit a new All-Time High of 14.3M $BTC
This is locking up over 72% of the circulating supply.
Exchange balances are dropping as supply is pulled into institutional self-custody, removing immediate liquidity for retail selling.
Short-Term Holders are currently realizing 20−25% losses. This is a classic capitulation zone necessary to purge the final speculative volume.
If you sell your $BTC now, you might not get it back.