Bitcoin investors in India are witnessing a significant surge in the illiquid supply of BTC, hitting a record high of 14 million BTC. Data from Glassnode, an onchain analytics platform, reveals that the “illiquid supply” of Bitcoin has reached unprecedented levels during the current bull market. Illiquid entities, which are holding on to their BTC in anticipation of long-term price appreciation, are now in possession of over 14 million BTC. This trend is reflected in the largest 30-day increase in illiquid supply since December 2022, with a jump of 180,000 BTC. The rise in illiquid supply comes as whales continue to accumulate BTC, particularly in the key whale and shark tier, with a notable increase of 83,105 BTC in the past month. Retail investors, on the other hand, seem to be selling off their holdings, as evidenced by a decrease of 387 BTC among the smallest holders. The current bull cycle is characterized by growing institutional participation, with corporate treasuries and US spot Bitcoin ETFs contributing to Bitcoin becoming a mainstream investment choice. This article emphasizes that all investment decisions carry inherent risks, and readers are advised to conduct their own research before making any financial moves.