⚡ Interesting: Around 80% of total $BTC supply is effectively untracked / illiquid.Long-term holders now control a record 79% of circulating Bitcoin.
Lost coins, Satoshi-era wallets, cold storage, treasuries, and conviction holders have quietly removed most of the supply from the market. The 21 million cap was never the real number.
The available float is far smaller and shrinking. This is why small waves of demand can still move price hard. Is this the most bullish structural fact in Bitcoin right now, or is “untracked” just another way of saying dormant coins that could wake up? #BTC Price Analysis# #Macro Insights#
Lost coins, Satoshi-era wallets, cold storage, treasuries, and conviction holders have quietly removed most of the supply from the market. The 21 million cap was never the real number.
The available float is far smaller and shrinking. This is why small waves of demand can still move price hard. Is this the most bullish structural fact in Bitcoin right now, or is “untracked” just another way of saying dormant coins that could wake up? #BTC Price Analysis# #Macro Insights#
