The picture says that there are more than 4 million Bitcoins stored with large entities around the world.

These 4 million are divided like this:

1.49 million Bitcoins (37%) with investment funds and ETFs.

These are the biggest entities withdrawing Bitcoins from the market.

1.06 million (26%) with huge companies listed on the stock exchange.

Like technology and energy companies, etc.

655 thousand (16%) with governments.

And that's a very large number, meaning these entities have started to hold Bitcoin as a reserve asset.

376 thousand (9%) in DeFi and smart contracts.

That means Bitcoin is locked in financial protocols.

283 thousand (7%) with private companies.

146 thousand (3.6%) with custody and storage platforms.

What is the importance of this?

1) The Bitcoin being sold in the market is very low.

When large entities hold 4 million Bitcoins and do not sell, it reduces the available supply for trading, which helps the price to rise over time.

2) The entry of governments and funds means huge trust.

Not small companies… these are billion-dollar entities viewing Bitcoin as an important asset.

3) The more holding increases, the less volatility there is; the price moves strongly upwards with new demand.

Because the supply decreases while demand is increasing.

4) This clarifies that the game has become institutional.

The market is no longer in the hands of small investors; it is now with people holding millions of quantities.

In summary, 4 million Bitcoins have exited the market and are locked with institutions, governments, investment funds, and large companies.

This greatly reduces the supply... and paves the way for strong rises in the future.