{"id":168234,"date":"2025-09-21T07:00:00","date_gmt":"2025-09-21T07:00:00","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/?p=168234"},"modified":"2025-09-21T07:00:00","modified_gmt":"2025-09-21T07:00:00","slug":"bitcoin-supply-shock-2025","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/","title":{"rendered":"Bitcoin atteint un record historique d\u2019illiquidit\u00e9, un choc de l\u2019offre en pr\u00e9paration"},"content":{"rendered":"<p>Un choc d&#8217;approvisionnement se manifeste sur le march\u00e9 du Bitcoin en septembre 2025. Actuellement, plus de <strong>70 % de l&#8217;offre en circulation<\/strong> est conserv\u00e9e dans des portefeuilles \u00e0 long terme. Ce record illustre le concept des mains de diamant, qui d\u00e9signe la facult\u00e9 des investisseurs \u00e0 maintenir leurs positions sans fl\u00e9chir face \u00e0 la volatilit\u00e9 du march\u00e9.<\/p><p>M\u00eame pendant les p\u00e9riodes de d\u00e9clin ou de correction, les possesseurs pr\u00e9f\u00e8rent garder leur BTC au lieu de le c\u00e9der. Ce ph\u00e9nom\u00e8ne r\u00e9duit l&#8217;offre existante et contribue m\u00e9caniquement \u00e0 l&#8217;augmentation des prix, propulsant le march\u00e9 vers de nouveaux sommets.<\/p><h2 class=\"wp-block-heading\">Record d\u2019accumulation par les long-term holders<\/h2><span class=\"replacer\"><\/span><p>On n\u2019a jamais observ\u00e9 un tel niveau de r\u00e9tention. Plus de 70 % de l&#8217;offre n&#8217;a pas chang\u00e9 depuis plus d&#8217;un an, et <strong>57 % des bitcoins<\/strong> n&#8217;ont pas \u00e9t\u00e9 d\u00e9plac\u00e9s depuis au moins deux ans. Cela signifie que la majorit\u00e9 des d\u00e9tenteurs croit au potentiel de long terme de l\u2019actif et refuse de c\u00e9der aux cycles de volatilit\u00e9.<\/p><figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udca5 Bitcoin illiquid supply reaches a new all-time high <a href=\"https:\/\/t.co\/w2e3edtdLW\">pic.twitter.com\/w2e3edtdLW<\/a><\/p>&mdash; Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1968718872057377034?ref_src=twsrc%5Etfw\">September 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>Cette \u00e9volution met en \u00e9vidence l&#8217;importance cruciale des d\u00e9tenteurs \u00e0 long terme (LTHs). Ces investisseurs gardent leurs pi\u00e8ces <strong>pendant plus de 155 jours<\/strong>, ce qui restreint consid\u00e9rablement l&#8217;offre en circulation. Par cons\u00e9quent, le march\u00e9 perd progressivement en liquidit\u00e9, ce qui favorise la survenance de fluctuations ascendantes rapides.<\/p><h2 class=\"wp-block-heading\">R\u00e9serves d\u2019exchanges au plus bas depuis 7 ans<\/h2><span class=\"replacer\"><\/span><p>Le niveau de pression augmente \u00e9galement sur les plateformes d&#8217;\u00e9change. Les r\u00e9serves de <a href=\"https:\/\/cryptonews.com\/fr\/coins\/bitcoin\/\">Bitcoin (BTC)<\/a> disponibles y ont chut\u00e9 \u00e0 <strong>2,4 millions d\u2019unit\u00e9s, contre 3,4 millions en 2022<\/strong>. C\u2019est le niveau le plus bas observ\u00e9 depuis sept ans.<br><br>Moins il reste de bitcoins accessibles sur les \u00e9changes, plus chaque nouvel ordre d\u2019achat a un impact sur le prix. Cette contraction de <strong>l\u2019offre cr\u00e9e un effet boule de neige<\/strong> : \u00e0 mesure que les prix montent, la disponibilit\u00e9 diminue encore davantage, ce qui amplifie la volatilit\u00e9 haussi\u00e8re.<\/p><h2 class=\"wp-block-heading\">L\u2019accumulation institutionnelle s\u2019acc\u00e9l\u00e8re<\/h2><span class=\"replacer\"><\/span><p>Les investisseurs institutionnels ajoutent une couche suppl\u00e9mentaire \u00e0 ce ph\u00e9nom\u00e8ne. En seulement deux mois, pr\u00e8s de <strong>15 milliards de dollars ont \u00e9t\u00e9 inject\u00e9s<\/strong> dans les <a href=\"https:\/\/fr.wikipedia.org\/wiki\/Fonds_n%C3%A9goci%C3%A9_en_bourse\">fonds n\u00e9goci\u00e9s en bourse (ETFs)<\/a> Bitcoin, retirant encore plus de liquidit\u00e9 du march\u00e9.<\/p><figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"fr\" dir=\"ltr\">Bitcoin Sees Second Largest Inflow to Accumulation Addresses in 2025 &#8211; CryptoQuant <a href=\"https:\/\/t.co\/AUZjPfKX8u\">pic.twitter.com\/AUZjPfKX8u<\/a><\/p>&mdash; Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1968727007673413831?ref_src=twsrc%5Etfw\">September 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>L&#8217;autorisation des <a href=\"https:\/\/cryptonews.com\/fr\/news\/sec-regles-etf-spot-crypto\/\">ETFs au comptant aux \u00c9tats-Unis<\/a> a une importance cruciale. Chaque abonnement entra\u00eene une absorption directe du BTC en circulation, renfor\u00e7ant ainsi la tendance \u00e0 la raret\u00e9. Des acteurs tels que BlackRock, Fidelity et MicroStrategy renforcent cette tendance en amassant r\u00e9guli\u00e8rement de nouveaux volumes.<\/p><h2 class=\"wp-block-heading\">Une perspective macro\u00e9conomique favorable<\/h2><span class=\"replacer\"><\/span><p>Le contexte macro\u00e9conomique contribue \u00e9galement \u00e0 <strong>stimuler la demande<\/strong>. Il est possible que la Fed r\u00e9duise ses taux directeurs dans les mois futurs, en r\u00e9action \u00e0 un ralentissement de la croissance et une inflation plus basse. Une strat\u00e9gie mon\u00e9taire de ce type rend les actifs refuges comme le Bitcoin d&#8217;autant plus attrayants.<\/p><p>Historiquement, les phases de croissance marqu\u00e9es ont constamment b\u00e9n\u00e9fici\u00e9 de la combinaison des perturbations d&#8217;offre et d&#8217;une situation mon\u00e9taire permissive. Suite au dernier halving en 2020, l&#8217;association d&#8217;un r\u00e9tr\u00e9cissement de l&#8217;offre et d&#8217;une mont\u00e9e des investissements institutionnels avait pr\u00e9c\u00e9demment <strong>propuls\u00e9 le BTC vers des sommets historiques<\/strong>.<\/p><p>Outre le Bitcoin, cette <strong>tendance pourrait \u00e9galement b\u00e9n\u00e9ficier aux altcoins<\/strong> ainsi qu&#8217;\u00e0 l&#8217;ensemble de l&#8217;\u00e9cosyst\u00e8me des cryptomonnaies. En r\u00e8gle g\u00e9n\u00e9rale, une hausse du BTC provoque un mouvement des investisseurs vers d&#8217;autres actifs num\u00e9riques, consolidant par la m\u00eame occasion la tendance globale \u00e0 l&#8217;\u00e9largissement.<\/p><hr class=\"wp-block-separator has-alpha-channel-opacity\"><p>Pour aller plus loin sur le sujet : <\/p><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/fed-stablecoins-dollar\/\">La Fed baisse ses taux : quel impact pour les stablecoins index\u00e9s sur le dollar ?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/minage-bitcoin-laos-gouvernement-dette\/\">Minage de bitcoin au Laos ? Le gouvernement envisage des pistes pour r\u00e9duire la dette<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/altcoins-predictions-xrp-aster-ath-octobre\/\">SNORT, XRP, ASTER : Voici 3 altcoins qui sont pr\u00eats pour un ATH en octobre 2025<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Un choc d&#8217;approvisionnement se manifeste sur le march\u00e9 du Bitcoin en septembre 2025. Actuellement, plus de 70 % de l&#8217;offre en circulation est conserv\u00e9e dans des portefeuilles \u00e0 long terme. Ce record illustre le concept des mains de diamant, qui d\u00e9signe la facult\u00e9 des investisseurs \u00e0 maintenir leurs positions sans fl\u00e9chir face \u00e0 la volatilit\u00e9 [&hellip;]<\/p>\n","protected":false},"author":712,"featured_media":168280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,1],"tags":[],"editors":[2551],"sponsored_companies":[],"class_list":["post-168234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","editors-julien-leroy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e<\/title>\n<meta name=\"description\" content=\"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e\" \/>\n<meta property=\"og:description\" content=\"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptonews France\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-21T07:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e\" \/>\n<meta name=\"twitter:description\" content=\"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e","description":"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/","og_locale":"fr_FR","og_type":"article","og_title":"Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e","og_description":"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.","og_url":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/","og_site_name":"Cryptonews France","article_published_time":"2025-09-21T07:00:00+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_title":"Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e","twitter_description":"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.","twitter_image":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#article","isPartOf":{"@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/"},"author":{"name":"mounird","@id":"https:\/\/cryptonews.com\/fr\/#\/schema\/person\/5c08a5d6c3e6ae539bc7bb8680619d4d"},"headline":"Bitcoin atteint un record historique d\u2019illiquidit\u00e9, un choc de l\u2019offre en pr\u00e9paration","datePublished":"2025-09-21T07:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/"},"wordCount":680,"publisher":{"@id":"https:\/\/cryptonews.com\/fr\/#organization"},"image":{"@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg","articleSection":["Actualit\u00e9s Bitcoin","News"],"inLanguage":"fr-FR","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/cryptonews.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/","url":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/","name":"Bitcoin supply shock 2025 : 70 % de l\u2019offre verrouill\u00e9e","isPartOf":{"@id":"https:\/\/cryptonews.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#primaryimage"},"image":{"@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg","datePublished":"2025-09-21T07:00:00+00:00","description":"Bitcoin supply shock 2025 : plus de 70 % de l\u2019offre est verrouill\u00e9e par les holders, les r\u00e9serves d\u2019exchanges chutent \u00e0 un plus bas de 7 ans.","breadcrumb":{"@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/"]}],"author":[]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#primaryimage","url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg","contentUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/19124247\/1758285766-bank-run-bitcoin.jpg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.com\/fr\/news\/bitcoin-supply-shock-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Bitcoin atteint un record historique d\u2019illiquidit\u00e9, un choc de l\u2019offre en pr\u00e9paration"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.com\/fr\/#website","url":"https:\/\/cryptonews.com\/fr\/","name":"Cryptonews","description":"","publisher":{"@id":"https:\/\/cryptonews.com\/fr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/cryptonews.com\/fr\/#organization","name":"Cryptonews France","url":"https:\/\/cryptonews.com\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/cryptonews.com\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/3\/2023\/09\/4.jpg","contentUrl":"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/3\/2023\/09\/4.jpg","width":1669,"height":874,"caption":"Cryptonews France"},"image":{"@id":"https:\/\/cryptonews.com\/fr\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts\/168234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/users\/712"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/comments?post=168234"}],"version-history":[{"count":7,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts\/168234\/revisions"}],"predecessor-version":[{"id":168279,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts\/168234\/revisions\/168279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/media\/168280"}],"wp:attachment":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/media?parent=168234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/categories?post=168234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/tags?post=168234"},{"taxonomy":"editors","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/editors?post=168234"},{"taxonomy":"sponsored_companies","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/sponsored_companies?post=168234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}