🏦 Data from Glassnode indicates that institutional holdings of #بيتكوين currently amount to approximately 5.94 million #BTC , accounting for 29.8% of the circulating supply.

🌐 This figure includes balances held on trading platforms, spot exchange-traded funds, publicly traded companies, and governments; a significant portion of #البيتكوين is concentrated in custody structures and large safes.

📊 As the circulating supply reaches around 19.96 million #Bitcoin , this increase changes liquidity dynamics. The number of coins available to the public in the spot market decreases daily, and the price tends to react more strongly when there are large inflows or outflows from these instruments, especially ETFs and large trading platform wallets, due to recent rumors of coordinated movements. 👀

🧭 With increasing concentration, the market becomes more dependent on the behavior of a few actors and liquidity opportunities. This explains why Bitcoin's price fluctuates between periods of slowdown and acceleration sometimes when market sentiment shifts. Will we see upcoming changes? 🔥
#FOMCWatch
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