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Bitcoin's illiquid supply has exceeded 14.3 million coins, reaching an all-time high.

2025.09.07 23:16:22

On September 7th, as per the report by Coindesk, in late August, the illiquid supply of Bitcoin (that is, the amount of Bitcoin held by entities with almost no spending history) exceeded 14.3 million BTC, reaching a new record high. Over the past 30 days, the net increase in illiquid supply has reached 20,000 BTC. Among the current circulating supply of 19.9 million BTC, approximately 72% of the total supply is in an illiquid state, held by long-term holders and cold storage investors. This growth indicates that even during the recent market volatility, there is still a continuous accumulation trend. In mid-August, Bitcoin hit a new all-time high of $124,000 and then retraced by about 15%. Despite the price pullback, the illiquid supply continues to rise, suggesting that holders have not sold off due to short-term adjustments.
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