Galaxy Research: Over 55% of Bitcoin Supply Untraceable by Major Firms
A significant portion of Bitcoin's circulating supply remains outside the tracking capabilities of major blockchain research firms.
A significant portion of Bitcoin's circulating supply remains outside the tracking capabilities of major blockchain research firms. Bitcoin (BTC) is trading at ₹76,57,022 ($80,464.00), up 0.4% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Mon, 26 Oct 2026 10:00:01 UTC.
This highlights the limitations of current blockchain analytics tools and underscores the challenges in achieving full transparency in the Bitcoin ecosystem.
- 55% of Bitcoin's circulating supply is untraceable by major research firms.
- Galaxy estimates over 11 million BTC remain outside ownership records.
- Bitcoin's market cap stands at $1.61T with a current price of $47,117.
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- Galaxy Research: Over 55% of Bitcoin Supply Untraceable by Major Firms — this brief
Galaxy Research has released a report indicating that more than 11 million 
Bitcoin, or 55% of the cryptocurrency's circulating supply, remain outside the ownership records of major blockchain research firms. This finding suggests that a significant portion of Bitcoin's supply is untraceable by current analytics tools.
The report, which was published in October, highlights the challenges faced by blockchain researchers in tracking the ownership of Bitcoin. Despite advancements in blockchain analysis, a large portion of the cryptocurrency's supply remains unidentified, raising questions about the transparency of the Bitcoin ecosystem.
This development is particularly relevant given the increasing regulatory scrutiny of cryptocurrencies. The inability to trace a significant portion of Bitcoin's supply could complicate efforts to enforce anti-money laundering (AML) and know-your-customer (KYC) regulations.
In the broader market context, the total cryptocurrency market cap is currently $2.75 trillion, with Bitcoin's market cap accounting for $1.61 trillion. Bitcoin's price is $47,117, representing a 0.26% decrease over the past 24 hours and a 3.00% decrease over the past week. The Fear & Greed Index stands at 50, indicating a neutral market sentiment.
The findings from Galaxy Research underscore the need for improved blockchain analytics tools and highlight the ongoing challenges in achieving full transparency in the cryptocurrency market. As regulatory pressures continue to mount, the ability to trace Bitcoin ownership will likely become an increasingly important issue.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹76,24,000.70$80,117.00 to ₹76,57,021.51$80,464.00 — +0.43%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.40M (about $80,464.00), up 0.3% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Galaxy Research: Over 55% of Bitcoin Supply Untraceable by M — questions & answers
How much Bitcoin is untraceable by major research firms?
Galaxy Research estimates that 55% of Bitcoin's circulating supply, or over 11 million BTC, is untraceable.
What is the current market cap of Bitcoin?
Bitcoin's market cap is $1.61 trillion with a current price of $47,117.
Why is untraceable Bitcoin a concern?
Untraceable Bitcoin complicates regulatory efforts to enforce AML and KYC rules, raising transparency issues.
How much is 1 Bitcoin worth in rupee today?
About ₹8.40M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,464.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.43% since this brief first published — trading at ₹76,57,022 ($80,464.00) now versus ₹76,24,001 ($80,117.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.