1 week ago
6
Key Takeaways
- Long-term Bitcoin holders now control 4.37 million BTC – 21% of all coins ever mined – and show no signs of selling.
- Crypto capital inflows for Q1 2026 dropped to roughly $11 billion, about one-third of what the same period brought in 2025.
- Bitcoin and Ethereum ETFs posted net outflows, with retail demand described by JPMorgan as “muted” or negative year-to-date.
- JPMorgan warns of a fragile market structure propped up by a handful of corporate buyers rather than broad participation.
Back in early 2023, that figure sat at around 1.3 million. Over three years, this cohort has more than tripled its holdings without any visible intention to sell.
The broader supply picture adds weight to that number. Of the approximately 19.7 million Bitcoin currently in existence, somewhere between 3 and 4 million are considered permanently inaccessible – locked in forgotten wallets, lost private keys, or addresses with no surviving access. Strip out the long-term holders on top of that, and the amount of Bitcoin actually available for active trading amounts ...
English (US)