Long-Term Bitcoin Holders Command 68.3% of Total Supply

Long-term Bitcoin holders possess 68.3% of total BTC as of mid-2025, data reveals.

Bitcoin’s concentration among long-term holders affects its liquidity, impacting market dynamics amid high asset prices.

Long-term holders (LTHs), defined as those holding Bitcoin for 155+ days, account for a significant share of the supply. As of mid-2025, recent data indicates these holders possess approximately 68.3% of the total Bitcoin available. According to Alex Thorn, Head of Research at Galaxy Research,

“More than 470,000 BTC held for over five years worth about $50 billion has changed hands in 2025.”

LTHs’ control is crucial, stabilizing market dynamics and decreasing volatility. With 14.35 million BTC under their management, the behavior of these anonymous groups is watched closely by market analysts and investors alike.

The presence of such a large portion of Bitcoin in long-term accounts limits liquidity and affects exchange functions. This consolidation means large volumes remain out of active trading, influencing price stability and market predictions.

Financially, the dominance of LTHs might affect institutional flows, potentially reducing speculative trading’s impact on pricing. This could result in steadier market trends, though the actual outcomes are still subject to market movements and external economic factors. Understanding Bitcoin’s illiquid supply is crucial for comprehending these dynamics.

Potential changes in regulation, trading platforms, or technological advancements could further influence long-term holder dynamics. Historical trends show shifts post-halvings and during significant economic periods, offering insights into future movements in Bitcoin ownership and trading behavior.