A new report says that 78% of Bitcoin is out of circulation. But this is a good thing.
Most Bitcoin is illiquid—78% of it—and this is driving the current bull run, according to a new report.
Bitcoin “liquidity” refers to how much of the asset is in circulation. According to findings published yesterday by blockchain analysis company Glassnode, only 4.2 million Bitcoin (22%) are currently available to buy and sell.