Bitcoin Illiquid Holdings Hit Record 14.3M as Accumulation Trend Deepens

Version 1 – Market Update Style

7 September 2025

Bitcoin’s illiquid supply has hit a record level, showing that long-term holders remain committed despite a recent pullback in price.

Glassnode data reveals that more than 14.3 million BTC are now in wallets with little or no spending activity, representing nearly 72% of the 19.9 million coins in circulation.

Even after Bitcoin slid 15% from its August peak of $124,000, illiquid balances grew by about 20,000 BTC over the past month, underscoring strong conviction among investors.

Version 2 – Macro Lens

7 September 2025

Bitcoin’s price may have retreated from record highs, but its supply dynamics continue to tighten.

According to Glassnode, illiquid holdings climbed beyond 14.3 million BTC in late August, meaning nearly three-quarters of the circulating supply is now locked away by investors with limited selling history.

The increase—roughly 20,000 BTC in the last 30 days—suggests that despite a 15% correction from the $124,000 peak, long-term participants remain in accumulation mode, potentially setting the stage for the next leg higher once sentiment recovers.

Version 3 – Investor Confidence Focus

7 September 2025

Recent volatility has done little to shake Bitcoin’s strongest hands.

Illiquid supply surged to a record 14.3 million BTC in late August, Glassnode reports, representing about 72% of the 19.9 million coins in circulation. These balances are typically linked to long-term holders and cold storage investors.

Even as Bitcoin pulled back from its $124,000 all-time high by around 15%, the illiquid supply rose by 20,000 BTC in just one month, highlighting deepening conviction in Bitcoin’s role as a long-term store of value.