More than half of the BTC are used as a value reserve: they do not move

The use of Bitcoin (BTC) as a reserve of value, a concept that implies keeping an asset with the expectation of maintaining or increasing its long -term value to protect or increase purchasing power, has gained strength in recent years.

Based on data provided by The Bitcoin Company, from the X Document Bitcoin site account they secured May 19 that “63% of all existing bitcoins have not been transacted or moved from their wallets this year.”

This would mean that more than half of Bitcoin’s current supply, which amounts to 19,863,682 BTC, remains motionless, an eloquent indication Dand that your holders are using it as a value sheltersimilar to how gold is used in traditional markets.

Supply distribution: a detailed analysis

A videoport prepared by The Bitcoin Company allows you to deepen how this motionless supply is distributed. The analysis classifies the BTC according to the time they have been without movingdividing the holders of these coins into three main categories: short -term holders (less than 1 year), medium -term (1 to 5 years) and long term (more than 5 years).

According to the following graph, the 37.1% of the current supplyrepresented by warm colors such as red and orange (upper part), belongs to short -term holders. This includes ranges such as ‘less than 1 day’ (0.2%, dark red) up to ‘6 months to 1 year’ (9%, clear orange). However, in this segment, some Bitcoins have moved in the last year, for example, those that were sent 1 day, 1 week, 1 month or 3 months, which means that they had activity in 2025 and were not contemplated in the 63% indicated by Document Bitcoin.

On the other hand, 32.3% correspond to medium -term holders, covering 1 to 5 years, and is represented by intermediate tones such as yellow and light green, with, for example, for example 14.5% of total that belongs to Holders of the range of “3 to 5 years” (light green).

Finally, almost the remaining 31% is occupied by long -term holders, With more than 5 years without movementsidentified by cold colors such as blue and purple, highlighting 7.9% of holders who did not move their BTC in the range of “7 to 10 years” (dark celestial).

This current distribution, where more than half of the BTC remains motionless, a behavior that has also been enhanced over time, favors Bitcoin’s narrative as a reserve of value, since it indicates that many possessors They prefer to accumulate and keep their coins.

The historical tendency shown by the graph is also revealing. Over time, cold (blue and purple) colors have dominated the base of the graph, indicating that a significant portion of Bitcoins has remained motionless From the first years of the Network. For example, of the total long -term holders who did not move their BTC, almost 10% of them belong to the range of 10 to 15 years, which reflects the confidence of the first adopters in the long -term potential of Bitcoin.

The documenting Bitcoin team determined that, in 2025, 63%of Bitcoin’s circulating supply has not moved by adding the percentages of medium -term holders (32.3%) and long term (30.6%), whose bitcoins They have not had activity in more than a yeartogether with a small portion of the short -term (range of “6 months to 1 year”) that have remained motionless for at least 4 months and 20 days.

Sleeping coins reinforce the trend

The inclination to use Bitcoin as a value reserve is supported by other statistics. According to a Bitbo analysis, reported by cryptootics, the “sleeping coins” in the Bitcoin network have only increased. In this context, a sleeping currency is defined as a BTC that It has not been transferred from one address in more than a year.

This indicator coincides with the documenting bitcoin data, since 63% of immobile bitcoins in 2025 includes both short -term holders (less than a day to 1 year) and to the medium term (1 to 5 years).

The logic behind this behavior is clear: the bitcoins that do not move reflect the intention of their holders of keep them as a long -term value assetprioritizing its accumulation over its use in daily transactions.

The growth of Wallets with Bitcoin

Another fact that strengthens the perception of BTC as a tool for the protection of purchasing power comes from the Coinmetrics analysis site. According to their metrics, the number of wallets that have BTC equivalent to 1 million dollars has grown sustainably over time and time of this writing this measurement is in its historical maximum, With almost 160,000 wallets.

This increase is also observed, although more gradually, in accounts with bitcoin holdings of more than 10 million dollars, indicating an accumulation by large investors, known as “whales”:

In addition, wallets with smaller amounts They have also historically increased and They are still doing today: From those with balances equal to or greater than $ 1 and 10, to those who have amounts of equivalent bitcoin or greater than $ 1,000 and 10,000:

This generalized growth, both in large and small purses, suggests that Bitcoin not only attracts institutional investors, but also also a Retail users (retail) that see the currency created by Nakamoto, among other uses, as a tool to preserve capital, consolidating its role as a value reserve in the financial ecosystem.

The behavior of these retail users indicates that, although the market being mostly dominated by large corporations and their gigantic purchases of Bitcoin, also those participate in this cycle and increasingly intensely.

While it is true that it is not possible to know the intentions of each of the holders represented here, the historical trend in growth It favors the narrative of more companies, institutions, governments and people on foot using Bitcoin to protect their capital.