19-5-2025 – Bitcoin’s unmoved reserves have reached unprecedented levels, according to fresh data from Glassnode. This surge in ‘illiquid supply’ points to a significant portion of Bitcoin being held in long-term storage, effectively reducing the tokens available for active trading.
Transaction fees on the Bitcoin network have witnessed a marked uptick, reaching $2.40 over the past week. This represents a doubling of costs since the beginning of May, pushing fee levels to their highest point in 2023.
Market analysts suggest this combination of diminishing liquid supply and rising transaction costs could set the stage for a potential price surge, particularly if demand intensifies. The scenario bears hallmarks of a classic supply-squeeze situation.
The flagship cryptocurrency has also demonstrated renewed strength in its market position. Following a period of relative underperformance, Bitcoin’s dominance metrics have shown signs of improvement. Market observers interpret this recovery as evidence that recent price movements likely stem from temporary liquidity constraints rather than a fundamental shift towards alternative cryptocurrencies.
