Private/public companies, governments & ETFs/Funds have collectively doubled their holdings since January 2024. 💁♂️
They went from ~₿1.5M to ~₿3M in ~16 months; approximately 100K #Bitcoin / #BTC bought per month. 🤯
THEY ARE COMING FOR YOUR FUCKING COINS. 🤙
More accurate: timechainindex.com by nostr:nprofile1qqsfu7qxe04x02z4m9rj7j2andr0498gyg5j2w8guyahlg2d5fc7tscpz4mhxue69uhkummnw3ezumtfd3hh2tnvdakqz8thwden5te0dehhxarj94c82c3wwajkcmr0wfjx2u3wdejhgwsyrgc
Def gonna check it out, but I intentionally filtered exchange balances out of this chart to illustrate "strictly institutional" holdings; exchange balances aren't a good metric for that since everything is lumped together (e.g. noobs not utilizing self-custody). 🤙
