According to @simplykashif, nearly 17% of Bitcoin's total supply is held by corporations and nation-states, indicating notable BTC supply concentration that can tighten the free float in risk-on phases (source: @simplykashif, Twitter, Nov 17, 2025). Based on this data point, traders should monitor treasury disclosures and large-wallet activity for potential liquidity squeezes and supply-driven volatility across BTC spot and derivatives markets (source: @simplykashif, Twitter, Nov 17, 2025).