• Bitfinex released its latest Bitfinex Alpha report, which found that the amount of unmoved bitcoin has reached its highest point.
• The increasing interest of institutional investors in Bitcoin is attributed to the surge in unmoved Bitcoin.
• The balance held on over-the-counter (OTC) desks, which serves as a reliable indicator of institutional activity, reached a one-year high in June.

New ATH: Bitcoin’s Unmoved Supply Peaks Amid Institutional Interest

Leading crypto exchange Bitfinex released its latest Bitfinex Alpha report, a weekly publication that offers on-chain data and insights into the dynamic crypto market. This week’s document found that the amount of unmoved bitcoin has reached its highest point ever.

Increasing Interest from Institutional Investors

The increasing involvement of these big players indicates strong bullish sentiment and unwavering confidence in bitcoin’s long-term prospects. Citing data from Ark Invest, an investment firm headed by the renowned Cathie Wood, the paper stated that about 70% of BTC’s circulating supply has been unmoved for at least a year.

Bitcoin Liquidity Decreases While Tether USDT Increases

The report further highlights an intriguing development in liquidity trends. Bitcoin liquidity has experienced a decrease, while that of Tether USDT has witnessed a noteworthy increase.

Record High Balance Held On Over-the-Counter Desks

The balance held on over-the-counter (OTC) desks, which serves as a reliable indicator of institutional activity, reached a one-year high in June. The balance surged by an impressive 60% by the end of the third quarter. This growth suggests that institutions and large investors are actively buying up Bitcoins.

Conclusion

This data points to further growth for Bitcoin as more institutional players enter the market and drive prices higher. With record levels of unmoved supply coupled with rising demand from institutions, it is likely that we will see new highs for BTC soon.