K33 Research's latest report reveals astonishing dynamics in the Bitcoin market! In 2024, institutional investors purchased a total of 859,454 Bitcoins, accounting for 4.3% of the total circulating supply, equivalent to 8 years of Bitcoin issuance. 📈

Spot ETF funds emerged as the big winners, accumulating an additional 561,781 Bitcoins. The total management scale of US ETFs has reached 1.4 million Bitcoins, with BlackRock's IBIT holding the largest amount, valued at approximately 54 billion dollars. 💼

Despite 230,000 Bitcoins coming from bankrupt liquidations and seized assets, institutional demand remains strong, absorbing market selling pressure. Currently, about 22% of the circulating supply is available for trading in the market, close to the peak levels of 2021. 🔍