Bitcoin is continuing to rally despite macroeconomic headwinds, with on-chain data offering a possible explanation, according to Mitchell Askew. In an analysis published by Bitcoin Magazine, Askew highlights roughly 15 million BTC classified as inactive or held in long-term supply. The level of dormant supply is presented as evidence that a large share of Bitcoin may not be readily available for sale. Askew argues that the data points to seller exhaustion, a market condition that could help explain Bitcoin’s latest move higher. The analysis focuses on supply behavior visible on the blockchain rather than short-term price signals. Bitcoin Magazine published the article on September 25, 2026, with Patrick Green credited as its writer. The report centers on Bitcoin’s potential next move and the implications of long-term holders’ supply for market conditions.
15M Inactive Bitcoin May Point to Reduced Selling Pressure, Mitchell Askew Says
Mitchell Askew points to approximately 15 million inactive BTC and on-chain supply data as signs of seller exhaustion, offering a possible explanation for Bitcoin’s rally despite macroeconomic headwinds, according to an analysis published by Bitcoin Magazine.
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