Over 14 Million BTC Is Now “Off the Market” — What Does It Mean?
Two-thirds of all Bitcoin is in hands that rarely sell.
That’s 14+ million BTC sitting quietly in long-term wallets, cold storage, and treasuries. In the past 30 days alone, another 180,000 BTC was moved into wallets with little to no spending history.
Translation?
Big money is HODLing, and the supply squeeze is real.
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What Is Illiquid Bitcoin?
“Illiquid BTC” refers to coins held in wallets that have spent less than 25% of what they’ve received. These aren’t your weekend flippers.
We’re talking:
Long-term HODLers
Institutional treasuries
Cold wallets
OG Bitcoiners
Satoshi fans who forgot their seed phrases (kidding… kind of)
These are the strong hands — and they’re growing stronger.
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Why Should You Care?
This tightening grip on Bitcoin has huge implications for price action:
Lower available supply = higher pressure on price if demand rises
Whales are still buying — many