Global direct and indirect Bitcoin investments peak at over 4 million BTC
- Around 4.05 million BTC are currently held by companies, institutions and ETFs worldwide.
- According to a study by Presto Research, Bitcoin fell the most during the November crisis during the respective European trading hours.
New data has shown that approximately 4.05 million BTC are currently not in circulation but are held by investors. Based on the immutably limited total Bitcoin quantity of 21 Million tokens 19% of it is currently invested.
They are primarily found in corporate and institutional and government reserves, as well as in the form of ETFs and other forms of investment, including direct Bitcoin ownership.
It Data According to listed companies such as Strategy, Tesla and Block, they now hold over 1.06 million BTC, which represents 5% of the total.
The approval of the first Bitcoin ETF in the USA in early 2024 played a major role in all of this. The current ETF holdings of asset managers and other funds are 1.49 million BZC.
In addition, the number of Bitcoins held by private companies, exchanges, custodians, in DeFi and smart contracts is almost 1.45 million – another 36.4 percent.
Crypto analysts are rightly talking about a Bitcoin bull market. As more and more companies invest in Bitcoin for the long term, the freely available supply is shrinking. The result is a shortage and it will lead to a new increase in the BTC price.
On the other hand, recent analysis also suggests that over-leveraged companies may be forced to sell their Bitcoin reserves to pay dividends and cover other expenses. Such sales could create sudden waves of downward pressure that would unexpectedly push prices lower.
EU trade caused the high BTC selling pressure
One Study from Presto Research shows that the overall 20% price decline of Bitcoin and Ethereum in November took place primarily during European trading hours. In particular, the Bitcoin price had its worst monthly performance in seven years.
According to Presto Research, only Europe had large Bitcoin losses, while Asia and the US still saw small gains.
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