# Bitcoin Supply Analysis Shows Over 66% Illiquid as Financial Deployment Grows

- URL: https://stocks.freetheai.org/news/bitcoin-supply-analysis-shows-over-66-illiquid-as-financial-deployment-grows-7bc541
- Published: 2026-10-12T12:15:46Z
- Category: crypto; sentiment: neutral; impact: medium
- Symbols: [BITSTAMP:BTCUSD](https://stocks.freetheai.org/symbols/BITSTAMP-BTCUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Bitcoin's total active trading supply remains significantly smaller than its total circulating count of roughly 20.10 million coins. Approximately 13.41 million BTC, representing 66.7% of the classified total, is held in illiquid wallets with limited spending activity. Furthermore, about 6.84 million BTC has stayed unmoved for at least five years, including 3.63 million BTC that has remained dormant for over a decade. Bitcoin (BITSTAMP:BTCUSD) traded down 1.24% today around $82,650.

Institutional funds and corporate balance sheets account for a notable share of the remaining active supply. Regulated U.S. spot exchange-traded funds held nearly 1.29 million BTC in October, led by BlackRock's IBIT fund with approximately 805,222 BTC. Corporate treasury holder Strategy held about 848,000 BTC in early October, while collateralized loan markets absorbed 1.175 million BTC supporting $33.21 billion in debt. Meanwhile, tracked exchange wallet groups held roughly 733,753 BTC.

Market participants should keep an eye on shifts between long-term dormant holdings and exchange inventories. On-chain activity is rising, with daily active addresses climbing 9.4% month-over-month to 653,121 on October 8. Tracking whether higher network activity leads to older coins moving into active trading venues will help determine true market liquidity going forward.

## Key points

- About 13.41 million BTC, or 66.7% of measured supply, is illiquid, while 6.84 million BTC has not moved in at least five years.
- U.S. spot Bitcoin ETFs held approximately 1.29 million BTC in October, with BlackRock's IBIT accounting for 805,222 BTC.
- Corporate holder Strategy held around 848,000 BTC in early October, and 1.175 million BTC was pledged as credit collateral.
- Active Bitcoin network addresses rose 9.4% month-over-month to 653,121 on October 8.

## Questions and answers

### How much Bitcoin is currently illiquid or dormant?

Roughly 13.41 million BTC, or 66.7% of measured supply, is illiquid. In addition, about 6.84 million BTC has not moved for at least five years.

### How much Bitcoin do spot ETFs and corporate treasuries hold?

U.S. spot Bitcoin ETFs held about 1.29 million BTC in October, while corporate treasury holder Strategy held roughly 848,000 BTC in early October.

### Are active Bitcoin wallet addresses increasing?

Yes, active addresses reached approximately 653,121 on October 8, reflecting a 9.4% increase from 597,061 on September 8.