On-Chain Forensic Benchmark • 21,000,000 BTC Supply Model

BTC Untracked Supply Forensic Audit & Entity Map

Deconstructing Cointelegraph's finding that 80.3% of total Bitcoin supply remains untracked by public clustering databases. Explore the mathematical demarcation between verified public custody (ETFs, CEXs, corporate treasuries, sovereign reserves) versus unclustered retail, early Satoshi holdings, and multi-sig cold storage.

Untracked Float Cohort
80.3% 16,863,000 BTC
~$1.087 Trillion unclustered
Verified Tracked Entities
19.7% 4,137,000 BTC
~$266.8 Billion documented
Total Mined Supply to Date
19,750,000 BTC
94.05% of 21M Cap Circulating
Active Market Free-Float
2,268,000 BTC
10.8% True spot liquidity buffer

Bitcoin Cap Partition (21,000,000 BTC)

Click any cohort tile to inspect forensics & address heuristic

Forensic Supply Ledger & Cluster Attribution Table

Normalized against 21,000,000 BTC mathematical cap
Cohort Identifier Classification Estimated Volume % of Total Cap Mkt Value (USD) On-Chain Heuristic / Methodology Liquidity Status