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