Bitcoin’s Illiquid Supply Hits 14M—Bull Market Flexes Muscle

HODLers just doubled down—14 million BTC now locked in wallets that refuse to sell. The bull case gets harder to ignore as supply shock meets institutional FOMO.

Wall Street analysts scramble to explain how an asset with ’no intrinsic value’ keeps eating their lunch. Meanwhile, Bitcoin’s network fundamentals scream ’early innings.’

Pro tip: When the ’illiquid’ pile grows faster than a VC’s burn rate, you’re witnessing a market structure shift—not a speculative blip.

• Bitcoin’s illiquid supply has hit a new high of 14 million BTC; this move shows a strong long-term confidence in large investors.
• While whales and institutions continue to hold during price dips, smaller investors tend to sell, showing a clear gap in market behavior and belief in Bitcoin’s future growth.

Bitcoin’s illiquid supply has jumped to a new high of 14 million BTC. Due to this, prices are going up more, and people are moving their coins into wallets that rarely sell, showing trust in Bitcoin’s future. 

Basically, this illiquid supply means that more tokens, in this case BTC, are held tightly by long-term investors, leaving fewer tokens available for trading. As demand rises and supply tightens, it adds pressure on the token and causes its price to MOVE higher. The rise in illiquid holdings shows growing confidence among holders who are choosing to store rather than sell their BTC.

Highest Illiquid Bitcoin Holdings Since 2022

According to data from Glassnode, Bitcoin’s illiquid supply climbed to an all-time high of 14 million BTC, showing that more investors are moving their coins into wallets that rarely spend. The data covered that many holders and whales have decided to save rather than sell, as emphasized earlier.

The data also covered that most of these whale holding wallets belong to users or groups that keep what they buy, even during market changes. Over the past month, around 180,000 BTC were added to this category, and it is now being recorded as the biggest growth since late 2022. Back then, prices were much lower, and the market was still recovering. Now, the steady increase in stored BTC can tell how well investors trust Bitcoin’s long-term strength. 

In all of this, small investors, unlike whales, are quick to react, often choosing to sell when prices fall. This difference in strategy just shows how much trust wealthy individuals and institutions have in Bitcoin’s future growth. While some panic during drops, these bigger players continue to hold, believing the price will keep rising and even get to the seven-figure mark.

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