Bitcoin Supply May Tighten as Investors Show Increased Long-Term Holding and ETF Demand Remains Steady

2025-07-02 06:12:55

Main Idea

Bitcoin's supply is tightening as investors increasingly hold long-term, supported by institutional inflows and muted profit-taking, reinforcing strong market dynamics.

Key Points

1. Short-term cost basis around $98,300 remains resilient despite price dips, suggesting potential for a rebound toward $107,000.

2. A record 14.7 million BTC are held long-term, with declining 'liveliness' metrics indicating strong investor conviction.

3. Institutional inflows into spot Bitcoin ETFs average $298 million weekly, bolstering market liquidity and demand.

4. Despite high paper profits (125% MVRV ratio), realized gains remain low at $872 million daily, showing accumulation over liquidation.

5. The combination of long-term holding and institutional participation is tightening Bitcoin's supply, reinforcing upward price momentum.

Description

Bitcoin’s circulating supply is tightening as investors increasingly choose to hold rather than sell, signaling strong market conviction amid rising profitability. Despite recent price dips due to geopolitical tensions, key

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