Long-Term Holders Tighten Grip on Bitcoin Supply

The Bitcoin supply is undergoing a significant shift as long-term holders continue to hold onto their coins. According to data from River Financial, approximately 81% of circulating BTC has not moved in at least six months, leaving fewer coins available for active trading.

This means that out of the 19.7 million circulating coins, only around 3.7 million make up the active float. The trend is largely linked to long-term accumulation, with long-term holders adding more than 3 million BTC since 2020.

The movement of older coins has slowed sharply, with only about 300,000 BTC from older wallets moving during the first half of 2026. This leaves fewer coins available for buyers and sellers across exchanges and trading platforms.

In contrast, institutional investors are adding to their holdings through spot Bitcoin ETFs, which recorded $134.51 million in net inflows, bringing total weekly inflows to nearly $2.6 billion.