BTC Forensic Supply Frontier Audit
Circulating: 19,750,000 BTC
Untracked: 80.30%
Identified: 19.70%
Cointelegraph On-Chain Forensic Study

80.3% of Bitcoin Mined Supply Remains Untracked

Across 19.75M circulating coins, public clustering databases (Arkham, Glassnode, Chainalysis) attribute only 19.7% (~3.89M BTC) to known institutional entities. The remaining 15.86M BTC (80.3%) forms a vast sovereign frontier of self-custody, lost early coins, and unclustered UTXOs.

80.30% 15,860,000 BTC (Untracked Frontier)
19.70% 3,890,000 BTC (Identified Clusters)
UNTRACKED FRONTIER 80.3%
TRACKED 19.7%
Hierarchical Partition View • Click any tile to inspect cluster Total Mined: ~19,750,000 BTC / 21,000,000 Cap