Bitcoin Long-Term Holders Hold Record 79% of Circulating Supply as Tradable Float Shrinks

Long-term Bitcoin holders now own 79% of the token’s circulating supply, a record high, signaling that the amount of Bitcoin readily available for trading is shrinking.

Crypto-focused media outlet Odaily reported on June 25 that K33 Research estimated addresses classified as long-term holders currently hold 79% of Bitcoin’s circulating supply. That is the highest share on record.

The rising concentration among long-term holders suggests less supply is available for short-term selling. If those investors continue to hold through periods of price correction, liquid supply in the market could tighten further.

Still, a decline in tradable supply does not automatically translate into higher prices. In the short term, macroeconomic factors, flows into spot exchange-traded funds and changes in derivatives positioning could continue to drive price volatility.