Bitcoin Supply in Loss Drops 2.5M BTC as Long-Term Holders Accumulate
Bitcoin Supply in Loss Drops 2.5M BTC as Long-Term Holders Accumulate
🐋 Bitcoin holders refuse to sell
Bitcoin supply dynamics show coordinated strength across two key metrics:
- Supply held at a loss decreased from 9.5M to approximately 7.0M BTC since February
- Long-term holders net accumulated throughout the same period
- Both indicators moving in the same direction simultaneously
This follows recent whale activity:
- Wallets holding 1,000+ BTC added 270,000 BTC in 30 days—largest accumulation since 2013
- Exchange reserves at seven-year low of 2.679M BTC
- 60% of total supply hasn't moved in over a year
Bitfinex analysts noted these readings suggest "a market absorbing supply with intent" rather than one preparing to fall, as BTC tests $80,000 levels.
$BTC supply in loss has dropped from 9.5M to approximately 7.0M since February. Long-term holders net accumulated through the same period. Two supply signals moving in the same direction at the same time.
"These aren't the readings of a market about to precipitously fall; they are the readings of a market absorbing supply with intent." Bitfinex analysts in @TheBlockCo on whale accumulation and what the structure actually says about $BTC at $80,000. theblock.co/post/398625/ra…
Whale wallets holding more than 1,000 $BTC added 270,000 BTC in the last 30 days, the largest accumulation since 2013. Exchange reserves sit at a seven-year low. Bitfinex Alpha looks at what that structural bid means against the Hormuz backdrop. blog.bitfinex.com/bitfinex-alpha…
Miners have held rather than sold since February while whales accumulated 270,000 $BTC in the same period. Exchange reserves sit at 2.679m BTC. Two cohorts are reaching the same conclusion about this price.
Whales accumulated 270,000 $BTC in 30 days, the largest buying spree since 2013. Exchange reserves are at their lowest since December 2017. The supply to meet new demand is shrinking 🤔
60% of $BTC supply hasn't moved in over a year. The liquid supply meeting all current demand has reduced since November ‘25. The 1-6 month cohort at 22.1% is the largest active layer, with a major chunk being institutional compressing available supply at current prices.
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