Bitcoin's illiquid supply has reached an all-time high of 14.37 million BTC, marking an increase of 470,000 BTC since the beginning of 2025. With a total circulating supply of approximately 19.8 million BTC, this means that over 72% of mined Bitcoin is now classified as illiquid. This illiquid supply comprises coins held by long-term investors or cold wallet holders who exhibit minimal selling behavior. As investors continue to prefer storing Bitcoin rather than trading it, the liquid supply diminishes, suggesting potential bullish price momentum due to reduced sell-side pressure. A rising illiquid supply often indicates growing confidence among investors regarding Bitcoin's value as a store of wealth. This decrease in liquidity could lead to a supply-side shock if demand increases, likely resulting in upward pressure on prices, particularly with fewer coins available for trading. Overall, this trend underscores the importance of liquidity analysis in understanding market sentiment and predicting future price movements.

Source 🔗