In recent months, there has been a noticeable increase in bitcoin accumulation by institutional funds, especially through exchange-traded funds (ETFs). This creates supply pressure on the market and could have serious implications for future prices.
Market Leaders: BlackRock and Others
Currently, BlackRock leads among ETF issuers with 692,876 bitcoins under management, reinforcing its position as a dominant institutional force in the bitcoin space.
Key Support at $73,600
According to CryptoQuant, the average entry price for bitcoins held in ETFs (excluding GBTC) is around $73,600. This level now serves as a critical technical and psychological support in the market, especially in the event of a sharp correction.
Institutional Investors and Their Strategy
CryptoQuant also notes that ETF investors, who are largely traditional and risk-averse institutions, are unlikely to behave like retail speculators. Many may opt to secure profits well before typical cycle peaks, viewing returns of 50%-75% as sufficient within traditional portfolio terms.
With over 6% of bitcoin's supply locked in ETF structures, the market is entering a new phase of supply constraints and institutional dominance. However, the $73,000 level has become a crucial marker for trend stability.
