BTCFi has a different growth curve because ownership has changed. Institutional holdings climbed from \~0.8M BTC pre-ETF to \~3.66M today about 18% of supply and the trend is still steep. More balance sheets, fewer weak hands.
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BTCFi has a different growth curve because ownership has changed. Institutional holdings climbed from \~0.8M BTC pre-ETF to \~3.66M today about 18% of supply and the trend is still steep. More balance sheets, fewer weak hands.