According to Julian Kwan, institutional Bitcoin (BTC) holders are increasingly seeking real yields on their BTC positions. Marathon Digital Holdings (MARA) reportedly held approximately 50,000 BTC at the end of March, signaling a broader move among institutions toward active, yield-generating bitcoin strategies that align with institutional investment standards. This trend highlights growing demand for structured products and services offering BTC yield, which could support higher liquidity and volatility in the crypto markets (source: Julian Kwan).