Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

[Jentot]

Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

The Bitcoin price has doubled since the halving in May, with Chainalysis attributing much of the bullish price action to the insatiable appetite of institutional investors
The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing.

According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving.

The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin they’ve ever received", while the remaining wallets are classed as liquid Bitcoin, or trader-held Bitcoin.

See more for yourself here.