Bitcoin’s Ownership Shift Toward Institutions
- CryptoQuant CEO Ki Young Ju highlights a major transfer of Bitcoin supply from long-time holders to US financial institutions and ETFs.
- Since January, Strategy has acquired a net total of approximately 711,174 BTC.
- ETFs have absorbed around 509,102 BTC since March, yet Bitcoin’s price remains at levels similar to two years ago.
- The investor cohort holding Bitcoin for six months to two years now represents about 53% of the realized cap.
- Exchange reserves are around 2.7 million BTC, with Satoshi Nakamoto estimated to hold about one million BTC.
Ki Young Ju suggests that the current distribution phase is not indicative of Bitcoin’s structural weakness but rather a significant shift in ownership toward entities capable of enhancing liquidity over time.
Despite intense sell pressure and significant institutional absorption, Bitcoin’s price stability reflects this changing ownership landscape, potentially setting the stage for future growth cycles. (Source)
