Bitaigen Research In this article we outline the latest changes in Bitcoin’s non‑liquid supply and, together with the trend of funding rates, analyze a potential weakening of short‑position pressure. By interpreting multi‑dimensional data, readers can spot possible market turning points. Subsequent sections will further discuss the implications for price movements.
Bitcoin non‑liquid supply now accounts for 74 % of the circulating total, while funding rates remain persistently low, indicating that short‑side bets are losing momentum and the market may be primed for a rebound opportunity.
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Bitcoin non‑liquid supply reaches 74 % of the total
- According to statistics from ETC Group and Glassnode, non‑liquid entities currently hold 14.61 million BTC, representing 74 % of the circulating supply of 19.75 million BTC – a historic high.
- Glassnode explains that this record reflects increased supply pressure following the most recent Bitcoin halving and could become a potential upward‑price catalyst for Bitcoin and other crypto assets.
Bitcoin supply lacking liquidity
Bitcoin futures funding rates stay low; analysts see rebound chances
- K33 Research analyst Vetle Lunde notes that perpetual futures funding rates have been below neutral for 30 consecutive days, suggesting that short‑side positioning is becoming crowded and seller strength is showing signs of fatigue.
- The current four‑week average funding rate turned negative for the first time since December 25 2022, indicating that the majority of market participants still hold bearish expectations. Should Bitcoin start to climb, these short positions could convert into price‑support fuel.
- Lunde further points out that, if the market follows seasonal patterns, September could present a favorable buying window, with a potential recovery in the fourth quarter. Historical data shows that purchases made in September often yield appreciable returns by year‑end.
The above provides a detailed analysis of Bitcoin’s non‑liquid supply accounting for 74 % and the funding rates that signal weakening shorts. For more coverage on Bitcoin futures funding rates and possible rebound scenarios, stay tuned to additional articles from Bitaigen.
Related Reading
- Bitcoin Price History 2009‑2025: From $0.0025 to $120,000
- Bitcoin Rally Collapses at $97,000: Funding Rate Stalls, Retail Traders Hold Bac
- 比特币融资费率创三月新低 空头提前对冲非农数据
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⚠️ Risk Disclaimer: Crypto prices are highly volatile. This is not investment advice.
