
Likely Lost Supply is the total BTC classified as probably lost by the underlying supply model. It is an estimate in BTC rather than proof of inaccessible private keys; the supplied metadata does not document the model's eligibility rules.
A higher value assigns more supply to the probably lost category, while a decline removes coins from that estimate. The series peaked near 2.89 million BTC in June 2010 and stood near 1.46 million on October 17, 2026. Its ability to fall is a reminder that this is a revisable classification rather than a cumulative count of confirmed losses.
An unmoved coin may still be spendable, and the blockchain cannot reveal whether a private key has been lost. Do not infer a fixed dormancy cutoff from the metric name or equate it with all coins inactive for several years. Understand the model rules before using the estimate to adjust supply.
It can show that coins remain unspent, but that alone cannot prove their keys are unavailable. This is a model estimate, not a count of all provably unspendable coins.
Previously classified coins may move, or a model classification may change. The series declined from about 1.55 million BTC at the 2012 halving to about 1.46 million at the 2024 halving, so it is not a permanently increasing tally.
No such equivalence is documented for this series. A five-year dormancy measure uses an explicit age threshold, whereas this estimate's eligibility rules are not provided in the available metadata.