Over 11 million BTC can't be linked to any known owner
· lightning · Sentiment: neutral
Over 11 million BTC, representing more than half of Bitcoin's total supply, cannot be attributed to any identifiable owner or entity according to on-chain analysis. This figure includes lost coins, dormant holdings from early miners, and coins held in privacy-focused wallets or custody without clear attribution. The consensus across reporting underscores persistent uncertainty in Bitcoin's ownership distribution despite blockchain transparency. The key implication is that Bitcoin's effective liquid and attributable supply is significantly smaller than commonly assumed, reinforcing scarcity and potentially supporting long-term price appreciation.