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Quick analysis of the situation
In a crypto world buzzing with fast trades and price swings, it seems that Bitcoin has decided it’s time for a slumber party. According to on-chain analytics firm Glassnode, over 14 million Bitcoin are lounging comfortably in wallets with little to no spending history. That’s right, while traders scramble to buy, sell, and trade, these coins are living their best life, soaking up the tranquility of long-term storage. With only about 7 million BTC left in the active pool out of the total 21 million supply, it seems that crypto holders are making a collective choice to keep their assets cozy rather than trading them at every little hiccup in the market.
The Rise of the Couch-potato Crypto
Fast forward to today, and that very illiquid supply has climbed from a mere 14 million to approximately 14.30 million. Investors aren’t just storing away Bitcoin like it’s an old box of family photos; they’re embarking on a full-scale migration to cold storage and self-custody solutions. It’s like a cozy family reunion, but instead of sharing stories over dinner, they’re safeguarding their Bitcoin from the market’s unpredictable whims.
And let’s not forget the trend of pulling coins off exchanges. If Bitcoin had a dating profile, it would proudly declare: “Serious about long-term commitment.” Since late March, there’s been a sharp uptick in people opting for private wallets, proving that while price swings may be dizzying, ample patience is very much in vogue.
Corporate Buy-in: A Love Affair with Bitcoin
The latest twist in our Bitcoin tale involves corporate entities going gaga for the cryptocurrency. Just in the past week, more than five firms have jumped on the Bitcoin bandwagon with some pretty hefty purchases. ProCap BTC kicked things off with dramatic flair, scoring 3,724 BTC for a cool $387 million and then cheering on 1,208 more BTC for $128 million. It’s like a high-stakes game of musical chairs, but every corporation wants their slice of Bitcoin glory.
From Michael Saylor’s perpetual shopping spree to Méliuz S.A. collecting 275 BTC—who knew corporate life could be this exciting? Even Metaplanet joined in, dropping around $132 million on 1,234 BTC. It might be safe to assume that these companies are not just window shopping; they’re serious collectors in this crypto art gallery.
The Squeeze is On
As the Bitcoin supply tightens, it’s getting saucy. With only a third of its fixed supply remaining “liquid,” new buyers might find themselves in a game of hide and seek when it comes to sourcing Bitcoin. Thin listings on over-the-counter desks and exchange order books indicate that institutions might find themselves having to bid prices higher just to find what they’re after. It’s like trying to find that limited edition toy on eBay—you’re going to have to be willing to pay top dollar!
Buckle Up for Price Wilds
At the recent Bitcoin Conference 2025, Eric Trump revelled in the excitement, quoting predictions of a wild ride to $170K by the end of 2026. With the number of firms dabbling in Bitcoin doubling over the last year, it sounds like a formula for epic price drama. If the current supply crunch collides with increasing demand, prices could shoot up faster than you can say “HODL.” But let’s not kid ourselves; the market can flip-flop in the blink of an eye. Unexpected sell-offs or macroeconomic shocks can send the trend tumbling quicker than a cat on a slippery floor.
Investors and analysts are keeping a keen eye on new market entrants, but for now, a whopping 14.35 million Bitcoin are sleeping soundly, potentially setting the stage for the next monumental rally. So, whether you’re a seasoned trader or a curious onlooker, keep your eyes peeled—who knows what might happen when all these coins finally wake up!
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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Please, behave!