Only about 3.5 million Bitcoin (BTC) are available for trading, according to new data from blockchain analytics firm Chainalysis. The remaining 11.4 million are held as long-term investment and 3.7 million are believed to be lost.
This suggests that if institutional investors enter the crypto space and invest for the long-term, the tradeable supply of the top-ranked cryptocurrency on CoinMarketCap is likely to shrink further and possibly boost the price of BTC.