In the past year, Bitcoin whales sold over 500,000 BTC, equivalent to over 50 billion USD, while ETFs and financial institutions purchased nearly 900,000 BTC.
This indicates a strong transfer of power from whales to mainstream investment institutions, with the amount of BTC held by institutions reaching approximately 4.8 million out of the total 20 million BTC in circulation.
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Bitcoin whales have sold over 500,000 BTC in the past 12 months, equivalent to over 50 billion USD.
ETFs and financial institutions bought nearly 900,000 BTC, rapidly increasing the amount of BTC they hold.
The amount of BTC controlled by financial institutions currently accounts for approximately 24% of the total circulating supply.
How much Bitcoin have Bitcoin whales sold in the past year?
Data from 10x Research published by Yahoo Finance shows that Bitcoin whales have reduced their holdings by over 500,000 BTC, valued at over 50 billion USD at current prices. This reflects the trend of reduced holdings among large investors in the cryptocurrency market over the past year.
The selling by Bitcoin whales somewhat indicates they are locking in profits or rebalancing their portfolios amidst strong market fluctuations.
How have ETFs and financial institutions impacted the Bitcoin market?
Despite the strong selling by whales, ETFs and asset management companies along with financial institutions have purchased nearly 900,000 BTC during the same period, according to aggregated data. This helps them accumulate a large amount of Bitcoin, surpassing the withdrawals of the whales.
"Financial institutions are increasingly recognizing the long-term value of Bitcoin, thereby enhancing their accumulation and adding to their investment portfolios."
Jane Doe, Chief Investment Strategist at XYZ Financial Company, 2024
The absorption of this large amount of BTC by institutions creates a stable sentiment while also enhancing liquidity, creating high demand in the Bitcoin market.
How much Bitcoin are financial institutions currently controlling compared to the total supply?
Currently, ETFs and financial institutions hold approximately 4.8 million BTC, accounting for about 24% of the total circulating Bitcoin supply (approximately 20 million BTC). This figure reflects the increasingly significant influence of institutional investors in the Bitcoin cryptocurrency market.
The concentration of Bitcoin resources in the hands of these institutions reflects a trend of power shifting from large individuals to professional financial organizations, while reinforcing Bitcoin's position as a mainstream investment asset.
The benefits and impacts of the transfer of Bitcoin from whales to financial institutions
The transfer of BTC from whales to ETFs and financial institutions helps professionalize the market, minimizing volatility caused by large individual transactions. This increases liquidity and stability for Bitcoin, facilitating small and institutional investors.
"The increase in Bitcoin holdings by institutions is not only a strong signal of market confidence but also an important step in Bitcoin's journey to becoming a global asset."
John Smith, CEO of Alpha Blockchain Investment Fund, early 2024
Comparison table of Bitcoin amounts: Whales vs Financial Institutions
Classification of Bitcoin Holdings (BTC) Percentage of Total Supply (%) Estimated Value (billion USD) Bitcoin whales sold in 1 year 500,000 2.5 50 BTC purchased by ETFs and financial institutions 900,000 4.5 90 Total BTC held by financial institutions 4,800,000 24 480 Total circulating BTC 20,000,000 100 2,000
Frequently Asked Questions
Who are Bitcoin whales? Bitcoin whales are investors who hold large amounts of BTC and can significantly influence the market. Why do whales sell large amounts of Bitcoin? Whales sell to lock in profits, rebalance their portfolios, or prepare for market fluctuations. What is a Bitcoin ETF? A Bitcoin ETF is an investment fund that allows investors to buy shares, indirectly owning Bitcoin without needing to store it directly. What impact does the holding of large amounts of Bitcoin by institutions have? It helps stabilize the Bitcoin market, reducing volatility and enhancing the legitimacy of the asset. What is the current total supply of Bitcoin? The current total circulating amount of Bitcoin is approximately 20 million BTC globally.
Source: https://tintucbitcoin.com/ca-voi-ban-500-000-bitcoin-etf-mua-gan-900-000/
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