Bitcoin HODLing is at an all-time high.

14M+ BTC is now “illiquid”, meaning it’s not being sold or traded. That’s 72% of all circulating Bitcoin

-> The illiquid BTC supply has grown by 470,000 BTC in 2025 so far.

-> It increased from 13.9M to 14.37M BTC year-to-date.

-> Only 5.4M BTC is now considered liquid (easily tradable).

Indicates rising long-term confidence in Bitcoin as a store of value.

Source: glassnode