🔺Blakrok Company now owns 3.25% of the total global supply of Bitcoin, strengthening its market dominance. Its exchange-traded fund, iShares #Bitcoin Trust (IBIT), leads with a 54.7% share among Bitcoin exchange-traded funds in the United States, having raised over $69.7 billion in $BTC . This development has accelerated the market shortage, as inactive wallets absorb more than #BTC than miners can generate. Meanwhile, the retail sector is declining, and institutional investors are taking charge - with over 89% of transactions on the network exceeding $100,000, according to Glassnode. Pressure on supply is increasing, and the market is looking for a new catalyst to support the rise.
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