Research dossier

BTC

Bitcoin

TokenVerified across multiple provider identities

Official website

CoinGecko · CoinMarketCap

Requested by the community. Verified from provider data. · Sep 23, 2026, 9:53 PM

Some evidence needs refreshing.

IdentifiedChecking evidenceReviewing contradictionsFindings ready

The brief

What stands out

Supply
Reported FDV relative to market capitalization
Reported fully diluted valuation and market capitalization are available for comparison. Reported FDV: 1,694,951,194,770; market capitalization: 1,694,941,913,770; FDV/market-cap ratio: 1.00000548.
Why it matters. Comparing fully diluted valuation with current market capitalization shows how much reported valuation depends on non-circulating supply, but the ratio alone does not reveal when or whether additional supply will circulate.
What limits this finding. Upcoming token unlock timing is not verified in the available data.
Evidence strength · ModerateWorth noting
Evidence and source details
derived · circulating to max supply pct
Exact value: 95.660680952380952380952380952380952380952380952380952380952380952380952380952381 percent
Source: -
Updated: -
derived · circulating to total supply pct
Exact value: 99.999298119298214873459371859581647243321231781715699090103760865959502777755101 percent
Source: -
Updated: -
FDV / market capitalization ratio
Exact value: 1.0000054757038719731677427583094041265246349610896848946828437011423472599679542 ratio
Source: -
Updated: -
Current fully diluted valuation
Exact value: 1694951194770 USD
Source: CoinGecko
Updated: Sep 24, 2026
Current market capitalization
Exact value: 1694941913770 USD
Source: CoinGecko
Updated: Sep 24, 2026

What we still don't know

One or more evidence categories could not be collected from the configured providers.
NoShills does not currently have the required ATH drawdown value and ATH date for this research snapshot. Missing: Drawdown from all-time high; Reported all-time-high date.
There is not enough current evidence to evaluate this observation. Missing: 30-day price volatility.
There is not enough current evidence to evaluate this observation. Missing: Volume spike ratio.

Evidence at a glance

Market: 1 fact available
Supply: No verified coverage yet
Evidence quality: Partial

Sources used in this research

CoinGecko
0 facts available · Updated Oct 4, 2026

NoShills shows dated public facts only. This is not a buy or sell recommendation.

How this research was built

Identity → Evidence → Derived metrics → Findings

NoShills preserves missing values, source conflicts and evidence timestamps instead of smoothing them into a single rating.

Read the methodology

The numbers

A neutral record of collected facts, source timing, evidence coverage, and current testability.

Completed · Oct 4, 2026, 12:51 PM · Refresh is available

Market & valuation

Reported volume is not the same as executable liquidity.

An FDV gap does not automatically mean imminent dilution.

Current fully diluted valuationMarket · Stale: $1.71T
Exact value
1710885413970
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.
Current market capitalizationMarket · Stale: $1.71T
Exact value
1710883029842
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.
Current USD priceMarket · Stale: $85,148.00
Exact value
85148
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.
Trailing 24-hour volumeMarket · Stale: $14.95B/24h
Exact value
14951513370
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.
FDV / market capitalization ratioMarket · Available: 1×
Exact value
1.0000013935073049501076377980772927370120751343520590482609587457450153572612807
Retrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.

Supply

No verified unlock calendar is available.

Circulating supplySupply · Stale: 20.09M token
Exact value
20093184
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.
Maximum supplySupply · Stale: 21M token
Exact value
21000000
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.
Total supplySupply · Stale: 20.09M token
Exact value
20093212
Source: CoinGeckoProvider updated: Oct 4, 2026, 12:49 PMRetrieved: Oct 4, 2026, 12:51 PMThis fact has recorded source or coverage limitations.

Evidence quality

These components describe evidence completeness, timing, provenance, agreement, and category coverage.

Cross-source agreement: Insufficient cross-source evidence
Completeness: Measured · 7/7 applicable observations
Category coverage: Measured · 2/2 applicable observations
Freshness: Measured · 7/7 applicable observations
Provenance: Measured · 7/7 applicable observations
Overall evidence quality: Unavailable

Evidence quality only describes the completeness and reliability of the collected record.

What can currently be checked

Testability only describes whether the required evidence can currently be checked.

Launch market evidence authorization

Testable

Structural comparison with reviewed cases

Deterministic comparison uses evidence available at each displayed cutoff. Historical outcomes are attached only after case selection is frozen.

Historical comparison is not publicly available yet because the verified research corpus is still being expanded.

Historical outcomes were not used to select cases. These comparisons do not establish current behavior or provide investment guidance.

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