Only 0.52% of Bitcoin Is Working Onchain—Here’s Why

Crypto Insight Summary: Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from Yield Basis and Valueverse. That represents just under 0.52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi (or BTCFi) economy. Bitcoin’s $8.4B Yield Market Leaves 99% of […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Low BTC onchain usage limits DeFi growth but doesn't significantly impact BTC price in the near term.