In 2025, ETFs, corporations, and even some sovereign entities, along with other institutional players, actively accumulated Bitcoin.

• This trend points to a structural demand shift, where long-term holders dominate supply dynamics.
• With BTC increasingly moving into illiquid wallets, available market supply continues to shrink.
• If institutional accumulation persists, Bitcoin’s price action may become more supply-driven, amplifying the impact of demand shocks during periods of macro or liquidity expansion.

#BTC #COT #Crypto