According to TechFlow news on May 16, data from CryptoRank and Glassnode shows that as of May 14, 2025, the non-liquid supply of Bitcoin (Bitcoin that is held long-term and rarely circulates) has exceeded 14 million coins, accounting for nearly two-thirds of the total mined. The data further indicates that in just the past 30 days, 180,000 Bitcoins have been transferred to dormant wallets with almost no spending history, reinforcing the long-term holding trend in the market. The chart shows a clear positive correlation between non-liquid supply and Bitcoin price since 2019.

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