Bitcoin\u2019s available coins for trading have dropped sharply. That change could push prices higher if demand holds up.<\/p>\n
According to Sygnum Bank\u2019s June 2025 Monthly Investment Outlook<\/a>, the liquid supply of Bitcoin fell by about 30% over the last 18 months. In that time, nearly 1 million BTC left exchanges. That means fewer coins are ready to move at a moment\u2019s notice.<\/p>\n Based on reports from Sygnum Bank, exchange balances dropped by around 1 million BTC since late 2023. That amount equals roughly 5% of Bitcoin\u2019s total supply.<\/p>\n When coins leave exchanges, they often go into cold storage or long-term funds. Some of these funds include new exchange-traded funds and corporate buyers issuing equity or debt to buy Bitcoin<\/a>.<\/p>\n If coins are locked away, traders have to compete for a smaller pool of available coins. That gap between supply and demand can cause bigger price swings on the upside.<\/p>\n\n Three US states have now passed laws to hold Bitcoin as part of their reserves<\/a>. New Hampshire already signed its bill into law. Texas is expected to follow soon. A third state is also moving forward, though details are still pending.<\/p>\nLiquid Supply Tightens<\/h2>\n
Institutions And State Moves<\/h2>\n