Sep 20, 2025
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Total Illiquid Bitcoin Reaches 72% of Supply, Indicating Bullish Outlook
The illiquid supply of Bitcoin has reached a new high, amounting to 14.3 million BTC, which constitutes over 72% of its circulating supply. This indicates strong long-term holding by investors, reducing potential selling pressure and possibly leading to a supply shock if demand increases.
- Long-Term Holders: Majority of the illiquid supply is held by those who have not moved their coins for over seven years.
- Institutional Holdings: Public companies like Michael Saylor's Strategy hold significant amounts, with 638,985 BTC, or over 3% of the total supply.
- Future Predictions: Fidelity expects these groups to hold over six million BTC by 2025, potentially increasing scarcity.
- Potential Supply Shock: Nation-state adoption and regulatory changes could further boost Bitcoin's scarcity.
- Market Movements: Despite a potential supply shock, there is a risk of large transfers if holders decide to sell due to price appreciation.
Currently, Bitcoin is trading at approximately $115,600, showing a decline in recent trading hours.
