Bitcoin Eyes $150,000 As Binance Illiquid Supply Hits Record Highs

Fresh data from Binance suggests that Bitcoin’s (BTC) illiquid supply has reached historically high levels, a development that could set the stage for BTC to eye the $150,000 milestone by the end of ￰0￱ Illiquid Supply On Binance Hit Record Highs According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s illiquid supply recently touched new highs on the Binance ￰1￱ contrast, BTC’s liquid supply has seen a significant ￰2￱ Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The CryptoQuant contributor shared the following chart which shows the difference between BTC’s liquid vs illiquid supply on ￰3￱ recently hit a fresh all-time high (ATH) above $120,000 before a price correction, showing that the market is currently in a state of “liquidity scarcity” supporting an upward trend.

A high level of illiquid supply essentially means that more BTC is locked away in wallets with minimal movement, effectively removing it from circulation on ￰4￱ reduces the amount of Bitcoin available for trading. A lack of BTC readily available on exchanges increases buying pressure on the limited supply that ￰5￱ dynamic helps explain how BTC has continued to reach new highs even without massive inflows of external ￰6￱ said, there remain some risks. BTC’s low liquid supply means that whales or large holders can exert significant pressure on the cryptocurrency through any sudden ￰7￱ pressure could result in sharp price correction for the digital asset due to the lack of liquidity to absorb the new ￰8￱ the same time, current on-chain data indicates that whales and institutions appear to be adopting a “hold for the long haul” strategy, underscoring their confidence in Bitcoin’s role as a long-term strategic asset.

However, analysts caution that any sudden shift in this behavior would be felt almost immediately across the ￰9￱ In A “Fragile Bull Run” Arab Chain described the present market situation as a contradictory ￰10￱ one hand, rising illiquid supply provides a foundation for further price ￰11￱ the other, the lack of liquid supply creates a fragile market structure where even moderate selling could cause significant ￰12￱ Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In As a result, Bitcoin is currently in a “fragile bull run” in that it is supported by long-term holders but susceptible to sudden selling from whales.

However, if BTC illiquid supply continues to rise, then it could move toward levels exceeding $150,000 by the end of ￰13￱ the flipside, if the liquid supply increases due to persistent sell-offs, then the market could face challenges, leading to a price decline to as low as the $90,000 to $100,000 ￰14￱ BTC’s fragile price momentum, some experts continue to remain ￰15￱ analyst Timothy Peterson recently predicted that BTC can surge as high as $160,000 by ￰16￱ press time, BTC trades at $109,286, down 3% in the past 24 ￰17￱ image from Unsplash, charts from CryptoQuant and ￰18￱