0
0
BlackRock's IBIT dominated with a $1.23 billion inflow, while Bitwise's BITB saw $29.85 million, Grayscale's Bitcoin Mini Trust $14.93 million, and Hashdex's DEFI fund $1.17 million.
Having witnessed a 10âday streak of ETF inflows, Bitcoin has been able to record this bullish run thanks to easing geopolitical uncertainty with the Iran-Israel ceasefire taking center stage.
BlackRock's IBIT dominance cannot go unnoticed because its inflows since early June have surpassed $2.6 billion, securing 9-concecutive days of inflows.
Therefore, the $1.02âŻbillion net inflow reflects sustained institutional conviction, supply-driven bullish dynamics, and geopolitical stability with Bitcoin ETFs already cementing their place as a mainstream investment vehicles.
Meanwhile, Bitcoin and crypto funds have raked in inflows for 10 consecutive weeks, adding $1.24 billion recently and pushing year-to-date totals to $15 billion. Despite holiday lulls and global jitters, investors are seizing the pullback as a buying opportunityânot a sell signal.
Bitcoin attracted $1.11 billion in weekly capital inflows, boosting its monthly total to $2.37 billion and year-to-date haul to $12.7 billionâbacked by nearly $152 billion in assets under management, according to CoinShares data.Â
Therefore, these metrics paint a bullish Bitcoin picture as more institutional and retail investors continue jumping on the BTC bandwagon.
Bitcoinâs illiquid supplyâthe portion of coins held in wallets that rarely moveâis now 14.37 millionâŻBTC, up from roughly 13.9âŻmillionâŻBTC at the start of the year, reflecting a rise of 470,000âŻBTC YTD.
This means over 72âŻpercent of the circulating Bitcoin supplyâapproximately 19.8âŻmillionâŻBTCâis now effectively âoffâmarket,â held by longâterm investors and cold wallets. Thatâs a historic peak in illiquid supply, driven by two reinforcing trends:
Record Accumulation in Recent Months Over the past 30 days, around 180,000âŻBTC moved into illiquid walletsâthe strongest monthly shift since DecemberâŻ2022.
âWhales & sharksâ (entities holding 10â10,000âŻBTC) added 83,000âŻBTC, while small retail investors offloaded a few hundred.
Institutions & ETFs Mopping Up Corporate treasuries and U.S. spot Bitcoin ETFs are absorbing newly mined BTC almost as fast as theyâre released, sometimes even exceeding miner issuance. As a result, what little liquid supply remains is being hoarded or locked away.
Reduced sellâside pressure: With fewer BTC on exchanges, sudden demand surges can trigger sharp price moves.
Heightened scarcity: As more coins become illiquid, a supply âsqueezeâ becomes increasingly likely, bolstered by the upcoming mining reward halving in 2028.
Maturing market: The shift toward long-term holding echoes Bitcoinâs evolution as a âdigital goldâ rather than speculative asset.
This rising illiquid supply trendâa bellwether of investor convictionâmay predispose Bitcoin toward sustained upward momentum. While cyclical pullbacks remain possible, fewer coins available for trading mean any demand spike might outsizedly impact price.
Bitcoinâs illiquid supply topping 14âŻmillionâŻBTC underscores a market dominated by conviction, not speculation.Â
With whales, institutions, and treasuries continuing to accumulate, the tightening float points to mounting scarcity, setting the stage for potentially bullish price dynamics in the months ahead.
This coupled with Bitcoinâs ETF and capital inflows going through the roof have the potential of sending the apex cryptocurrency to a new all-time high (ATH) above with the present price being $107,104.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youâre using to start.
0
0
