Nearly 4 million BTC held by long-term investors, up 300% since late 2025, signals reduced liquidity and potential supply shock.
Bitcoin held by long-term conviction buyers has climbed to nearly 4 million BTC, a 300% increase since late 2025. This shift represents a significant consolidation of supply into low-activity wallets, valued at over $320 billion at current prices near $80,000.
The accumulation, driven by large holders like MicroStrategy, has reduced liquid supply on exchanges. Analysts note that such trends historically precede supply shocks if demand accelerates, though the exact methodology behind the data remains unspecified.
Market observers suggest the tightening supply could set the stage for future price expansions, though immediate reactions remain muted as traders assess the broader implications.