$BTC supply distribution by halving epoch is wild when you stack it:
Epoch 0: 2.40M
Epoch 1: 1.12M
Epoch 2: 2.00M
Epoch 3: 3.64M
Epoch 4: 10.92M
Over half the supply (10.92M) is sitting in Epoch 4 wallets. Early holders are a different breed. The longer you've held, the less likely you are to dump.
This is why supply shocks hit different post-halving. The weak hands already folded.
Data as of Oct 2026.
Epoch 0: 2.40M
Epoch 1: 1.12M
Epoch 2: 2.00M
Epoch 3: 3.64M
Epoch 4: 10.92M
Over half the supply (10.92M) is sitting in Epoch 4 wallets. Early holders are a different breed. The longer you've held, the less likely you are to dump.
This is why supply shocks hit different post-halving. The weak hands already folded.
Data as of Oct 2026.
