Cryptocurrency & Blockchain
Bitcoin: ETF Flows and Corporate Buys Harden Long-Term Holder Base
Spot-ETF inflows and repeat corporate purchases have shifted a meaningful share of Bitcoin into custodial, long-term holdings, raising supply dormancy and reducing routine short-term selling. That structural tightening coexists with episodic vulnerabilities — divergent ETF flow tallies, sizeable unrealized losses among ETF holders, stablecoin contraction and concentrated derivatives/liquidation events — which raise the risk of rare but large downside moves if redemptions or deleveraging accelerate.
