The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. To be precise, BTC has gained 110%, with prices rallying from $8,566 on May 11 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving.
The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin they’ve ever received,” while the remaining wallets are classed as liquid Bitcoin, or trader-held Bitcoin. Chainalysis’ data shows that the number of Bitcoin available to new investors started to decline early this year, while illiquid BTC sharply increased. Chainalysis estimates that the number of Bitcoin that are currently liquid could be as low as 3.4 million.
The firm attributes the diminishing supply of liquid Bitcoin to wholesale accumulation from institutional investors throughout 2020:
“From high-profile investors like hedge fund manager Paul Tudor Jones, who compared buying Bitcoin to investing early in Apple or Google, to corporations like Square, which invested $50 million or 1% of its total assets in Bitcoin, mainstream companies, and financial institutions are turning to Bitcoin.”
Cryptocurrency fund manager Grayscale Bitcoin Trust, which represents more than a dozen high profile institutional investors, now holds more than 500,000 BTC — 50% of which was accumulated in the last six months.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 74.4% | 44 | $70 601.40 | 0.59% | 5.29% | $1 388 483 752 635 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 75.6% | 48 | $3 576.96 | -0.21% | 1.26% | $429 492 342 280 | ||
3 | USDT | Tether predictions | 92% | 1 | $0.999505 | -0.06% | -0.05% | $104 402 489 588 | ||
4 | BNB | Binance Coin predictions | 63.2% | 80 | $587.37 | 1.51% | 5.00% | $87 833 160 761 | ||
5 | SOL | Solana predictions | 61.2% | 89 | $185.26 | -1.52% | -1.90% | $82 311 563 061 | ||
6 | XRP | XRP predictions | 79.2% | 31 | $0.621025 | -0.17% | 0.39% | $34 084 472 887 | ||
7 | USDC | USD Coin predictions | 92.8% | 2 | $1.000099 | 0% | -0.01% | $32 215 831 929 | ||
8 | DOGE | Dogecoin predictions | 64% | 68 | $0.216544 | 16.10% | 42.85% | $31 106 856 640 | ||
9 | ADA | Cardano predictions | 69.6% | 67 | $0.651385 | -0.67% | 2.99% | $23 176 673 380 | ||
10 | AVAX | Avalanche predictions | 61.6% | 88 | $54.30 | -1.23% | -1.02% | $20 494 058 453 | ||
11 | SHIB | SHIBA INU predictions | 55.2% | 94 | $0.000032 | 5.42% | 19.44% | $19 062 332 858 | ||
12 | TON | Toncoin predictions | 56.4% | 88 | $4.94 | -0.69% | 19.61% | $17 156 092 593 | ||
13 | DOT | Polkadot predictions | 72.4% | 52 | $9.57 | -0.32% | 1.87% | $13 651 390 804 | ||
14 | LINK | Chainlink predictions | 75.2% | 42 | $19.58 | -0.71% | 7.29% | $11 494 161 063 | ||
15 | BCH | Bitcoin Cash predictions | 72.4% | 60 | $573.04 | 16.21% | 33.25% | $11 278 357 239 |
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