Your breakdown on wholecoiners is solid, but I’d argue the ETF effect could skew those numbers soon. That Glassnode data doesn’t fully capture institutional accumulation—the article I just read shows ETFs now hold ~12% of circulating supply, which could compress retail ownership further. Worth factoring in.
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Bitcoin ETF Flows: Price Dynamics in 2026
Explore Bitcoin ETF flows and price dynamics in 2026. Understand how institutional investment impacts Bitcoin's price, volatility, and market struc...
