Blockchain analysis platform Glassnode has shared some important insights on Bitcoin’s liquidity levels amid a rather volatile market period. Notably, the leading cryptocurrency has struggled to maintain its “Uptober” form after a price surge to $126,000 was followed by a heavy correction to below $105,000. While Bitcoin has shown some recovery activity since then, it is yet to break above the $115,000 resistance, while its total monthly gain stands at 0.47%.

Bitcoin Liquidity Rises, Testing Demand Strength

In an X post on October 25, Glassnode reports that Bitcoin’s illiquid supply has fallen by 62,000 BTC since mid-October. For context, Illiquid Bitcoin refers to BTC that is held in wallets with little to no history of selling. They are essentially coins that are unlikely to mov

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