Part 5/13:
One of the most compelling observations is the sudden and sharp decline in Bitcoin reserves held by miners, who have been rapidly selling off holdings in recent days. These Bitcoin are likely flowing into ETFs or over-the-counter markets, reducing traditional buy pressure but simultaneously fueling institutional interest.
The approval of 11 ETFs has marked a milestone: Bitcoin now legitimately qualifies as an asset class for institutional money managers. These ETFs command significant attention—being among the top-traded ETFs worldwide—underscoring how mainstream adoption is accelerating.