HODL15Capital latest data shows that since the launch of the Bitcoin spot ETF in the United States, on-chain activity has been bustling! This year, over 1.1 million BTC have been transferred to 'strong hands', including contributions from 9 new ETFs and MicroStrategy. Meanwhile, Grayscale's GBTC/BTC sold 373,787 BTC, the German government sold 50,000 BTC, and miners mined 209,683 BTC. 🤔 What does everyone think of this market dynamic? Feel free to share your thoughts in the comments!