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en.bloomingbit.ioOCT 261 min read$BTC-USD

More Than Half of Bitcoin Supply Held in Wallets With Unidentified Owners, Signaling Strong Self-Custody

Galaxy Research reports 55% of Bitcoin's 20.1M circulating supply (11.1M BTC) is held in wallets with unidentified owners, not tied to known entities like exchanges or ETFs. Alex Thorn, head of research, notes significant Bitcoin may still be self-custodied by individuals.

Original reporting
en.bloomingbit.io
Published Oct 26, 2026, 7:30 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 26, 2026, 8:15 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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More Than Half of Bitcoin Supply Held in Wallets With Unidentified Owners, Signaling Strong Self-Custody — source image
Source · en.bloomingbit.io
Decision brief

The 30-second read

$BTC-USDBullishMed
01

Why it matters

The disclosed self‑custody level may shift trader expectations about future price movements.

02

Market read

New data on Bitcoin's supply ownership could influence trading strategies and sentiment across crypto markets.

03

What to watch

Lack of data on the identity of holders limits ability to assess true liquidity and future market pressure.

Relevance 8/10Novelty 8/10Timing: today

Background

Bitcoin's supply composition is a key metric for assessing market dynamics and investor behavior.

Company-level read

Ticker impact

$BTC-USDBullishHigh confidence
Context

Article reveals 55% of Bitcoin's circulating supply is held in wallets with unidentified owners, indicating strong self‑custody.

Expected impact

potential upward pressure as market views high self‑custody as bullish sentiment

Evidence & confidence

Large share of supply in unknown wallets limits immediate liquidation, which traders may interpret as a bullish signal.

Market effects

Sector

Highlights growing self‑custody trend in the crypto sector, potentially influencing custody service providers.

Regional

Global impact as Bitcoin is a worldwide asset; no specific regional bias.

Global

Significant for global crypto markets and may affect overall Bitcoin sentiment.

Counterpoint

What could challenge this read

High unidentified holdings could mask large hidden sell‑side positions that may surface, causing downside risk.

Key entities

  • research_firm
    Galaxy Research

    Provided the analysis of Bitcoin wallet ownership.

Read at source← All news

StoryOver half of Bitcoin’s supply sits in wallets with no known owner

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