Roughly speaking, spot ETFs + Saylor hold about 10%, which is easy to verify, but there are many smaller investors in this story who together hold a few percentages, but the real question is how much have those who we don't know about and who are not required to publicly disclose bought?
It can be verified there and other Bitcoin Treasuries websites.
https://bitcointreasuries.net/The noticeable interesting thing is Bitcoin Treasuries pie charts have become more diversifying with time and the list has been expanding longer with time too. It shows very good Bitcoin adoption recent years and the trend is upwards and expansive more.
Aren't they already manipulating the price? Today, the price is about $10k lower than a few days ago, and it's not ordinary people who are responsible for that, but big players who decided it's time to take a little profit and now buy at a reduced price.
They are market makers and manipulate the market but if we understand Bitcoin market history and psychology cycle of the market as well as market manipulations, we as small investors can take advantage of their manipulations by applying DCA strategy and accumulate bitcoins over time by waiting dips and buying if our regular DCA time coincidentally matches with Bitcoin dips, we won't feel fearful and won't hesitate to buy.