83% of Bitcoin is now in deep sleep — and a $72.1K ceiling is keeping the alarm off 🚨

Long-Term Holders of Bitcoin [$BTC] now control 16.64 million BTC, an all-time high representing roughly 83% of the total circulating supply, even as the price continues to trade below prior cycle highs. The figure, tracked across recent market volatility, indicates that a majority of investors have continued to accumulate rather than distribute. Long-Term Holder supply increased through most of 2025 and into 2026 as volatility persisted and additional coins moved into dormant wallets. Earlier cycles saw Long-Term Holder supply decline when rapid price gains prompted profit-taking, but the current trend has moved in the opposite direction, with expanding holdings reinforcing a higher supply floor.

At the time of writing, $BTC traded near $64,200, leaving newer whales — wallets holding for less than 155 days — below their $72,100 average cost basis. Analysts noted that these underwater positions would be forced to sell once the cost basis is breached, creating a supply overhead. Binance exchange flow data shows supply tightening at the same time, with eight consecutive weeks of withdrawals reported between the 29th of May and the 6th of July. Withdrawals peaked at over 5,200 BTC on the 15th of June, with the average daily net withdrawal falling by about -887 BTC over the period.

Support levels are clustering below current price, including Binance investors near $58,700, miners near $53,700, and long-term whales near $47,400. The combination of tightening supply beneath the market and a concentrated band of underwater new whales above it leaves the $72,100 cost basis as the largest barrier to a sustained recovery.