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The Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) price has been consolidating between $29,000 and $29,600 over the past day. The amount of BTC outside exchanges has reached a new all-time high (ATH). 
According to data from Santiment, Bitcoin supply on self-custodial wallets has reached 18.39 BTC, marking a new ATH. Per the market intelligence platform, this amount has been constantly rising since December 2018 with a few declines in October 2019 and February 2021. 
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 <img decoding="async" width="3840" height="1300" src="https://crypto.news/app/uploads/2023/08/Bitcoin-BTC-11.34.37-03-Aug-2023.png" alt="Bitcoin outside exchanges hits new ATH, price still down - 1" class="wp-image-14182848"> 
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 BTC price, weekly volatility and supply outside exchanges – Aug. 3 | Source: <a href="https://app.santiment.net/charts/nK2dQsSF__sCl" target="_blank" rel="noopener noreferrer nofollow">Santiment</a> 
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However, Bitcoin is down by 1.3% in the past 24 hours and trading at around $29,030 when writing. The asset’s 24-hour trading volume is also down by 24%, currently at $15.5 billion, with a total market capitalization of over $564 billion. 
 You might also like: <a href="https://crypto.news/bitcoin-briefly-touches-30k-amid-whale-transactions/" rel="noopener noreferrer nofollow"> Bitcoin briefly touches $30k amid whale transactions </a> 
Moreover, the one-week price volatility of Bitcoin has been consistently rising since August 1, suggesting a spike in short-term traders. Per Santiment, on a seven-day average, BTC’s price volatility rose from 0.0034 on August 1 to 0.0062 at the time of writing. 
According to a report on August 2, the flagship cryptocurrency briefly <a href="https://crypto.news/bitcoin-briefly-touches-30k-amid-whale-transactions/" rel="noopener noreferrer nofollow">touched</a> the $30,000 mark as the price drop below the $29,000 mark sparked a significant rise in whale transactions — each consisting of over $1 million worth of BTC. 
Furthermore, the business intelligence company MicroStrategy reportedly prepares to <a href="https://crypto.news/microstrategy-will-buy-more-bitcoins-q2-report-says/" rel="noopener noreferrer nofollow">accumulate</a> more Bitcoins while selling 750 million shares of its stock. 
 Read more: <a href="https://crypto.news/kucoin-suspends-bitcoin-and-litecoin-mining-pools/" rel="noopener noreferrer nofollow"> KuCoin suspends Bitcoin and Litecoin mining pools </a>

Bitcoin outside exchanges hits new ATH, price still down

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