meaning
Illustrative supply is defined as the total supply held by an illiquid entity, whereas change in supply is the monthly (30-day) net monthly (30-day) supply held by an illiquid entity. It’s a change.
quick take
- The change in illiquid supply turned negative for the first time since September 2022 — assuming the coin returned to exchanges.
- Every time the coin returns to the exchange. It correlates to some extent with the falling price of Bitcoin.
- The FTX collapse saw over 200,000 Bitcoins leaked to exchanges in 30 days. Highest amount in 5 years.
- However, this trend is diminishing as the gains are starting to materialize.
- The whale dumped about $100 million on Feb. 24 as the PCE data turned out to be hotter than expected.
After Bitcoin re-entered exchanges, the case of whales dumping Bitcoins due to PCE data first appeared on CryptoSlate.
