Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has reached an all-time high, exceeding 14.3 million BTC in late August, as reported by RialCenter.
With 19.9 million BTC currently in circulation, around 72% of the total supply is illiquid, held by long-term holders and cold storage investors. This increase underscores a continued accumulation trend, even amid recent market volatility.
In mid-August, bitcoin reached a peak of $124,000 before declining approximately 15%. Despite this price drop, the illiquid supply continued to grow, indicating that holders remain steadfast amidst short-term fluctuations.
In the last 30 days alone, the net change in illiquid supply has risen by 20,000 BTC, emphasizing consistent investor confidence.
The ongoing increase in this category suggests tightening supply dynamics that could pave the way for renewed momentum once sentiment improves. Currently, the trend indicates a growing belief in bitcoin as a long-term store of value.
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