BTC Illiquid Supply Tops 14.3M, Marking All-Time High Amid Holder Accumulation

Bitcoin Illiquid Supply Hits Record High as Holders Stay the Course

Bitcoin’s illiquid supply—coins held by investors with minimal spending activity—has reached a new peak of 14.3 million BTC, according to Glassnode, reinforcing the narrative of steady accumulation.

With about 19.9 million BTC now in circulation, roughly 72% of the total supply is effectively locked up by long-term holders and cold storage accounts. The data highlights continued confidence in bitcoin, even as the market weathers near-term volatility.

In August, bitcoin surged to a record $124,000 before retreating by about 15%. Yet rather than fueling distribution, the pullback coincided with rising illiquid balances. Over the past month, another 20,000 BTC has shifted into this category, signaling investor resilience.

Market watchers suggest the trend could set the stage for tighter supply dynamics and renewed upside momentum once sentiment improves. For now, it underscores bitcoin’s growing appeal as a long-term store of value, with committed holders showing little interest in selling.