More Institutional Investors New to Bitcoin Leave Less to Go, Data Says

Four millions. This is roughly the amount of bitcoin that is circulating freely right now, blockchain data Display. The number has gotten a little smaller with each passing month over the past year.

This is the assessment of Glassnode, an analytics company that tracks blockchain data. The model suggests that the ever-decreasing supply of bitcoin available for purchase and sale could lead to price spikes as more Institutional investors adopt larger cryptocurrency as an investment.

Bitcoin’s “change in liquid supply” – the amount by which the number of coins in circulation has changed over the previous 30 days – has been negative for most of the past year, according to Glassnode:

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