Bitcoin is moving from long-term holders into new addresses managed by ETFs
Bitcoin ETFs, first approved by the SEC in January 2024 after more than a decade of denials, allow investors to gain exposure to BTC without the need to buy, hold, and store Bitcoin directly, avoiding the complexity of crypto exchanges and wallets. BlackRock's Bitcoin ETF alone now holds over $83 billion in assets under management.
https://finance.yahoo.com/news/bitcoin-etf-flows-save-btc-162652497.html83 billion is how many coins.
hmm. 83,000,000,000/110,000=754,545.455
754,545 coins. the idea that some older deep pocket people cashed in pre 2013 coins makes sense
I would mention 20million coins exist
some are still frozen not moving.
some move a lot
I am not sure 750,000 eft coins is enough to fully freeze prices.