Bitcoin (BTC) News: ‘Diamond Hands’ Show No Sign of Selling

Key Insights:

• As per fresh Bitcoin news, Fidelity projected 42% of Bitcoin’s supply, or 8.3 million BTC, could be illiquid by 2032.
• Long-term holders and public companies are driving the supply squeeze, now controlling over 6 million BTC.
• Public firms hold nearly 5% of Bitcoin’s supply, with 105 companies accumulating almost 1 million BTC.
• Illiquidity supports bullish price dynamics, but Fidelity warns whale sell-offs remain a key risk.

In the latest Bitcoin news, Fidelity Digital Assets estimates that Bitcoin’s illiquid supply could climb to over 8.3 million coins by the second quarter of 2032, accounting for nearly 42% of the circulating supply at that time, based on trends from long-term holders and public companies.

The firm released this analysis on September 15, 2025, highlighting how these groups have driven scarcity since 2016, with the combined illiquid cohort projected to hold more than six million Bitcoin by the end of 2025—over 28% of the total 21 million Bitcoin supply cap.

Fidelity Defines Illiquid Supply Cohorts

Fidelity identifies illiquid supply through two main groups, as detailed in recent Bitcoin news reports. The first includes Bitcoin that has not moved from wallets in at least seven years.

This cohort has shown no net decrease in holdings since 2016, with quarterly balances increasing consistently.

The second group comprises publicly traded companies holding at least 1,000 Bitcoin each. These firms experienced only one quarter of net supply reduction, in Q2 2022, amid broader market pressures.

As of June 30, 2025, public companies in this category held over 830,000 Bitcoin, representing 97% of all Bitcoin owned by public firms and concentrated among 30 entities, according to Bitcoin news sources.

Fidelity’s methodology requires at least four years of data for classification, with supply balances rising quarter-over-quarter at least 90% of the time. The report excludes additional potential illiquidity from future public company adoptions in its 2032 projection.

Historical Trends in Bitcoin Supply

Bitcoin’s supply dynamics have shifted over 15 years, a trend often covered in Bitcoin news analyses. In Q1 2009, 82% of the circulating supply—about 384,000 out of 469,000 Bitcoin—qualified as illiquid.

By Q2 2018, over 29% of the then-circulating supply met illiquid criteria as of June 30, 2025. The circulating supply stood at roughly 19.8 million Bitcoin at the end of Q2 2025.

Fidelity notes acceleration in illiquid supply since Q3 2024, driven by corporate treasury adoption, as highlighted in ongoing Bitcoin news updates.

Charts in the report, such as “Bitcoin Last Moved 7+ Years Ago,” show quarterly net changes and totals for the long-term holder cohort.

Another figure, “Quarterly Illiquid vs. Liquid Bitcoin Supply,” illustrates the reversal from decreasing to increasing illiquidity percentages over time. A “Bitcoin Supply Overview: Q2 2010–Q2 2025” visual tracks illiquid, liquid, and yet-to-be-mined portions.

Fidelity projects the seven-year-plus unmoved Bitcoin cohort to grow at the average rate of the past decade, per the latest Bitcoin news from the firm.

This leads to the 8.3 million illiquid Bitcoin estimate by Q2 2032. The combined illiquid groups held over $628 billion in Bitcoin as of June 30, 2025, at an average price of $107,700 per coin—more than double the value from the prior year.

The report cites Satoshi Nakamoto’s estimated 1.1 million Bitcoin holdings as part of the long-term illiquid category. Fidelity warns of potential market impacts from large sales, noting 80,000 ancient Bitcoin—not moved in 10 years or more—sold in July 2025, a development that’s been making waves in Bitcoin news circles.

Bitcoin News: Market Activity and Reactions

Bitcoin price fell 2% over that period, trading at around $116,000. Earlier reports from September 7, 2025, noted Bitcoin’s illiquid supply at 14.3 million coins, but Fidelity’s analysis focuses on specific cohorts.

Fidelity suggests Bitcoin enters a new scarcity era, with 95% of total supply in circulation soon, as explored in recent Bitcoin news articles.

Nation-state adoption and regulations could amplify this. The report points to potential price rises above $124,000, but emphasizes risks from sudden illiquid supply movements.

Bitcoin’s float shrinks as these holders—often called “diamond hands”—maintain positions. Investors monitor supply metrics amid ongoing accumulation. The Fidelity report, dated September 15, 2025, provides baseline data for tracking this trend in future Bitcoin news.