Btrfs is copy-on-write, so keeping an image of the original NTFS does *not* involve duplicating every file on it. The blocks of the NTFS image are shared with the files on the new btrfs.
Which, again, is wild. One file's contents can be *part of* another, much larger file's contents, without duplication (until one of them is written to).
@argv_minus_one i ran btrfs-scrub on a 128GB disk converted from reiserfs and it said it was scrubbing 16GB. panicked until i saw df output then remembered that btrfs grows the file system as needed.