This is probably nothing...

An unusual development has been taking place under the surface with bitcoin and it's price.

The price has been dropping and showing extreme weakness, yet the illiquid supply keeps increasing.

Normally, these two things tend to move in tandem with each other, but not lately...

Check it out:

(Source: https://twitter.com/BTC_Archive/status/1488174644704256016/photo/1)

One of two things is about to happen here...

Either the illiquid supply is about to plummet and turn back into liquid supply or the price is about to rise significantly and follow along with the liquid supply squeeze.

My guess is on the latter...

As more and more liquid supply is removed the easier it becomes for demand to push the price higher.

My guess is that at some point there is going to be a catalyst that forces the price much higher because there wont' be enough supply to counter the demand...

It's just a matter of when.