$BTC
Despite the decline in Bitcoin balances on trading platforms to the lowest level in 5 years, due to their transfer to cold storage or ownership by major institutions such as Strategy (which purchased 15,355 Bitcoins) and exchange-traded funds (ETFs), the price has not risen significantly. This is because part of these quantities is used in active financial products, and institutions are gradually purchasing instead of making direct purchases, which alleviates pressure on the price.
Additionally, large institutions are creating an "artificial halving" by reducing the available supply, which may lead to sudden and nonlinear price increases in the future when demand exceeds the limited supply. Nevertheless, Bitcoin adoption remains strong at the grassroots level, especially in countries with troubled economies.
- Source: Based on a report from Swan with modifications
