{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Data+shows+almost+80%25+of+bitcoin+supply+illiquid&text=Bitcoin+price+could+be+in+for+a+longer+rally+than+anticipated+as+most+of+the+supply+is+held+and+not+changing+hands.&text=New+data+released+shows+that+almost+80%25+of+Bitcoin+in+circulation+is+held%2C+not+available+for+trade+or+sale.%0A%0A%3Ca+href%3D%22https%3A%2F%2Finsights.glassnode.com%2Fbitcoin-liquid-supply%2F%22%3EAccording+to+Glassnode%3C%2Fa%3E%2C+78%25+of+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fes%2Fbitcoin-revolution%2F%22%3EBitcoin+supply%3C%2Fa%3E+is+held+by+illiquid+entities+who+are+storing+their+cryptocurrency+and+not+selling.+The+analytics+firm+noted+that+the+metrics+used+to+calculate+the+potential+liquidity+of+Bitcoin+takes+into+consideration+how+much+remaining+Bitcoin+is+still+to+be+mined+as+well+as+how+much+Bitcoin+has+potentially+been+lost+over+the+past+decade.%0A%3Ch2%3EBitcoin+hodling+culture%3A+bullish+signs%3C%2Fh2%3E%0AIf+there+are+fewer+Bitcoin+tokens+available+for+a+widening+audience%2C+the+selling+pressure+decreases+as+more+investors+will+want+to+hang+onto+their+cryptocurrency.+This+could+have+a+bullish+result+as+the+demand+for+the+token+increases%2C+so+will+the+demand+for+the+cryptocurrency.+Since+the+supply+of+Bitcoin+is+limited+and+mining+offers+less+reward+after+the+halving+generating+more+Bitcoin+to+satisfy+the+increasing+demand+is+difficult.%0A%0A%3Cem%3E%22Quantifying+Bitcoin%27s+liquidity+is+essential+to+understand+its+market.+If+many+bitcoins+are+illiquid%2C+a+supply-side+crisis+emerges+%E2%80%93+which+has+a+weakening+effect+on+BTC%27s+selling+pressure+in+the+market.+Or+put+differently%3A+A+sustained+rise+of+illiquid+bitcoins+is+an+indication+of+strong+investor+hodling+sentiment+and+a+potential+bullish+signal.%22%3C%2Fem%3E%0A%3Ch2%3EChanges+in+the+cryptocurrency+market%3C%2Fh2%3E%0AOver+the+past+year%2C+Bitcoin+has+experienced+a+massive+spike+in+interest+from+investors+and+in+price.+This+has+come+as+a+result+of+global+hedging+against+the+economy+which+took+a+battering+from+the+pandemic.+One+of+the+major+factors+in+the+rise+of+Bitcoin%2C+however%2C+has+been+pointed+out+as+the+strong+sentiment+as+institutional+firms+buy+Bitcoin.+The+large-scale+whales+and+institutional+investors%2C+such+as+Grayscale%2C+MicroStrategy%2C+and+Square+all+point+to+a+new+wave+of+Bitcoin+holders.+This+change+implies+a+longer-term+holding+strategy+rather+than+volatility+in+the+market.+If+investors+hold+for+a+stronger+asset+down+the+line%2C+the+roller-coaster+market+changes+Bitcoin+has+experienced+in+the+past+might+have+stabilised+as+Bitcoin+steps+up+as+a+safe+haven+asset.","timeout":15}