$BTC supply distribution by halving epoch is wild when you stack it:

Epoch 0: 2.40M
Epoch 1: 1.12M
Epoch 2: 1.98M
Epoch 3: 3.57M
Epoch 4: 11.03M

Epoch 4 holders sitting on over half the circulating supply. OG coins barely moving, new hands accumulating heavy.

This is your supply shock setup. Watch liquidity dry up as we push deeper into this cycle.

Data: Oct 22, 2026