@shakapermana
Institutions now control ~30% of Bitcoin’s circulating supply.
Glassnode data shows ~5.94M BTC held via ETFs, exchanges, public companies, and even governments.
US spot ETFs have become a major accumulation engine, alongside corporate treasuries and institutional custodians.
With long-term holders locking up supply, available liquidity keeps tightening.
What happens when demand meets a shrinking float?
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