According to @Andre_Dragosch, US Bitcoin ETFs together with MicroStrategy MSTR have absorbed roughly 30% of Bitcoin long-term holder supply, which he notes is below half but represents a consistent bid (source: @Andre_Dragosch on X, Nov 4, 2025). Traders can treat this steady demand as a flow signal by closely monitoring US Bitcoin ETF net inflows and any new MSTR purchase disclosures for near-term price impact (source: @Andre_Dragosch on X, Nov 4, 2025).