Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has climbed to a new record high, surpassing 14.3 million BTC in late August, according to Glassnode.

With 19.9 million BTC currently in circulation, around 72% of the total supply is now illiquid, held by entities such as long-term holders and cold storage investors. This growth highlights a sustained accumulation trend, even during recent market volatility.

In mid-August, bitcoin hit an all-time high of $124,000 before retreating roughly 15%. Despite the price pullback, the illiquid supply continued to rise, showing that holders remain undeterred by short-term corrections.

Over the past 30 days alone, the net change in illiquid supply has increased by 20,000 BTC, underscoring persistent inv

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