📊 According to @glassnode: Institutional holdings of Bitcoin are approaching 30% of the circulating supply.
According to Glassnode data, institutional holdings have reached approximately 5.94 million BTC, distributed among:
⬅️ Exchanges
⬅️ ETF funds
⬅️ Publicly traded companies
⬅️ Governments
About a third of the circulating Bitcoin is now in the hands of institutional entities… which means less supply in the free market and a greater impact from any new demand flow.
The game is changing quietly. 👀₿
BTCUSDT
Perp
87,090.6
-2.52%
