K33 Research latest report reveals the astonishing dynamics of 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 big winners, cumulatively increasing their holdings by 561,781 Bitcoins, with the total management scale of US ETFs reaching 1.4 million Bitcoins, among which BlackRock's IBIT has the largest holding, valued at approximately 54 billion USD.💼

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 levels seen at the peak in 2021.🔍