14 Million BTC Vanish Into Cold Storage As Bitcoin Hodlers Brace For The Next Bull Run

Bitcoin's supply shock just hit DEFCON 1.

Whales are locking down their stacks faster than Wall Street bankers delete incriminating Slack messages. With 14 million BTC now parked in cold storage, the market's about to learn some brutal lessons in scarcity economics.

The Great Bitcoin Lockdown

Hardware wallets are swallowing coins whole as long-term holders dig trenches instead of taking profits. This isn't your 2017 'weak hands' market anymore—today's hodlers treat Bitcoin like nuclear codes rather than casino chips.

Market Impact: Squeeze Play

Available supply hasn't been this tight since Satoshi's pizza order. Exchanges are becoming ghost towns while institutional buyers circle like vultures. Someone tell the Fed printers they can't quantitative-ease their way out of this one.

The irony? Traditional finance still thinks this is a 'speculative asset' while the smart money builds digital Fort Knoxes. Good luck shorting a market where the product keeps disappearing.

Steep Rise In Illiquid Bitcoin

Based on reports, the illiquid supply of bitcoin climbed from just under 14 million in December 2024—when Bitcoin first broke the $100K mark—to roughly 14.30 million today. Demand for cold storage and self-custody solutions has never been higher.

Investors are moving coins off exchanges and into private wallets. That trend has been especially sharp since late March, even though price swings have stayed volatile.

Bitcoin’s illiquid supply just crossed 14 million $BTC

More and more holders are pulling coins off exchanges choosing cold storage over quick trades.

The message is clear: conviction is growing, and they’re here for the long haul. #Bitcoin #BTC #CryptoHODL pic.twitter.com/bQozg31mBK

— Erica Hazel (@Erica__Hazel) June 26, 2025

Corporate Buyers Ramp Up Holdings

In just the past week, more than five companies announced new Bitcoin purchases. ProCap BTC led the way with two buys: 3,724 BTC for $387 million and 1,208 BTC for $128 million, adding up to 4,930 BTC worth $515 million.

Michael Saylor’s Strategy added 245 BTC after spending $1 billion the week before. Smarter Web picked up 197 BTC, while Méliuz S.A. acquired 275 BTC, taking its total to 596 BTC.

The Blockchain Group chipped in with 75 BTC, bringing its haul to 1,728 BTC. Most recently, Metaplanet spent around $132 million on 1,234 BTC, lifting its total Bitcoin stash to 12,345 BTC purchased for about $1.20 billion.

Only one-third of Bitcoin’s fixed supply remains “liquid,” meaning it’s likely to trade hands. That squeeze could make it harder for new buyers to find inventory.

Over-the-counter desks and exchange order books report thinner BTC listings. When institutions can’t source coins as easily, they may bid prices higher.

On-chain metrics can’t tell us why coins are unmoved—some may be lost forever—but the uptick in self-custody transfers shows real demand.

At Bitcoin Conference 2025, Eric TRUMP predicted that he believes BTC will hit $170K at the end of 2026. He pointed out that the number of firms with Bitcoin has doubled in the last year.

But if a supply crunch is matched with steady or increasing demand, prices might experience a strong push higher. Yet markets may remain unpredictable. Unexpected sell-offs or macro shocks can turn the trend around quicker than anyone can imagine.

Investors and analysts will be monitoring the pace of new entrants into the market. For the time being, a record 14.35 million Bitcoin are sleeping idle, and that constricted supply may lay the groundwork for the next great rally.

Featured image from Unsplash, chart from TradingView