Bitcoin: Institutions Absorb 1.63M BTC Since ETF Launch
Bitcoin institutions bought 1.63M BTC since ETF launch against 435K mined, now holding 2.56M or 12.7% supply as Wall Street drains float.
SourceAnalysis
Bitcoin institutions absorbed 1.63M BTC since ETF launch while only 435K BTC was mined, nearly four times new supply, lifting institutional holdings to 2.56M BTC or 12.7% of circulating supply from 921K at launch.
BTC trades at $71494.99 on the 4-hour chart, pressing the lower Bollinger support at $71754.62 inside a bearish structure below the EMA50 at $74371.58 and EMA200 at $76369.92. Oversold RSI at 28.23 hints at short-term exhaustion while the MACD death cross at -657.12 keeps downward pressure intact, creating a window for continued institutional accumulation as Wall Street drains available float and shapes future BTC price prediction models.
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