TechFlow news, on July 16, according to Glassnode's weekly on-chain report data, large entities currently hold approximately 4.9 million bitcoins, equivalent to 25% of the circulating supply. Centralized exchanges and ETF custodians account for the largest share.
After the German government fully sold its bitcoin holdings, market selling pressure has eased and demand has returned. Market profitability remains very strong, with the majority of bitcoin supply still holding cost bases below the current spot price.
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