Institutional demand for BTC may become a key factor driving supply shortages. For example, major companies like Fidelity have recently significantly increased their BTC holdings, with Fidelity alone purchasing BTC worth $253 million, directly exacerbating the outflow of exchange tokens. BTC veteran Dennis Porter expressed excitement about this, stating, 'We have never seen anything like this before. A global BTC supply shortage has never occurred. This is a major positive signal.' Notable crypto asset trader Cas Abbe also pointed out on social media, 'The supply of BTC on exchanges has fallen to its lowest level since Q3 2018. As of now, only 2.5 million BTC remain on exchanges, which is a decrease of 500,000 since Q4 2024. A few days ago, Fidelity mentioned that institutions are continuously buying and withdrawing BTC from exchanges. Supply + Demand = Price Explosion.' According to Coinbase's latest survey, over three-quarters of institutional investors plan to increase their allocation to digital assets in 2025, with many institutions using BTC for portfolio diversification and as a hedge against macroeconomic uncertainty. Additionally, listed companies represented by Strategy are also actively accumulating BTC. Since November 2024, these companies have withdrawn over 425,000 BTC from exchanges, accumulating nearly 350,000 BTC.