Bitcoin is becoming increasingly scarce as fewer holders are willing to sell their coins. Data shows that only 10% of holders are open to selling, a sharp drop compared to 26% in mid-2021 and 64% back in 2013. This indicates a growing belief in Bitcoin’s long-term value as an asset.
Both long-term and short-term holders are holding firm despite the coin's price volatility. Even with past ups and downs, the number of willing sellers has decreased significantly over the years. The trend suggests that more investors view Bitcoin as a store of value, rather than a speculative asset.
This year, Bitcoin has seen major gains compared to previous lows, showing that confidence is growing. While price corrections have always been a part of Bitcoin’s cycle, the decline in sellers shows that many are now focused on long-term growth. Institutional players are a key factor in this trend. After the approval of spot Bitcoin ETFs in the US, institutions like BlackRock and Grayscale are investing heavily, managing billions in BTC assets. Their growing involvement may be boosting the confidence of individual holders.
Furthermore, options trading behavior supports the idea that investors are holding tight. Blockstream’s CEO Adam Back noted a lack of long-term call and put options, as most traders are unwilling to sell their positions. This suggests a bullish outlook among professional traders as well. Overall, Bitcoin’s scarcity is increasing as both individual and institutional investors hold on, seeing its potential for long-term value. With institutional interest rising and the limited supply, demand could keep growing, leading to a further decrease in willing sellers.
