After the fourth halving of Bitcoin in May, the number of Bitcoins that have been developed is about 19.5 million. The total number of Bitcoins held by the US government and the Chinese government through fines and confiscations over the years is about 2.2 million. The total number of Bitcoins held by other governments in the world is about 1 million. Institutions such as BlackRock and Grayscale hold about 800,000. Then minus the 2 million held by whales that may have been lost in mining in the early years, that is to say, the number of Bitcoins in circulation in the entire crypto market today is only about 12 million, of which miners hold 3 million. The price the day before yesterday has fallen below the miners' surrender price, and they will not sell. Half of the remaining 9 million are long-term cryptocurrency believers, and they will not sell either. These data alone are enough to support the price of Bitcoin from collapsing. $BTC