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The Archive01 documents on file“Bitcoin's Unspendable Outputs and the Shrinking Float”The Archive01 documents on file“Bitcoin's Unspendable Outputs and the Shrinking Float”

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Bitcoin's Unspendable Outputs and the Shrinking Float

Millions of BTC are locked in addresses no one controls. The supply effect is real; the estimates are murkier than most analysts admit.

Daniel Brooks5 min read / 04.07.2026
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