The analysys of the company Glassnode show that investors are buying available Bitcoin and store them in private wallets and hodl it.
78% of the circulating BTC supply is illiquid and therefore hardly accessible for buying
Actually there is lack of BTC coins so the price is going up.
In 2020 1 million of BTC have became illiquid. Number of hodlers are getting bigger.
Last time prevails opinion that now is time for buying until the price go too much high.