$BTC supply distribution by halving epoch is wild when you actually look at it:
Epoch 0: 2.40M
Epoch 1: 1.13M
Epoch 2: 2.02M
Epoch 3: 3.75M
Epoch 4: 10.77M
Over half the supply (10.77M) is sitting in wallets from Epoch 4. Early hodlers control way less than people think. The real diamond hands are post-2020 buyers who weathered multiple nukes.
Supply shock narrative hits different when you realize distribution favors recent cycles. As of Aug 2026.
Epoch 0: 2.40M
Epoch 1: 1.13M
Epoch 2: 2.02M
Epoch 3: 3.75M
Epoch 4: 10.77M
Over half the supply (10.77M) is sitting in wallets from Epoch 4. Early hodlers control way less than people think. The real diamond hands are post-2020 buyers who weathered multiple nukes.
Supply shock narrative hits different when you realize distribution favors recent cycles. As of Aug 2026.