ETF giants hold 6% of Bitcoin – but BTC at 73,600 USD could break their patience

As of now, more than 1.23 million BTC is locked in Bitcoin Spot ETFs, indicating a growing confidence among traditional players in holding BTC.

The MVRV score of 1.43 points to limited profitability for investors, suggesting that profit-taking could be on the horizon as traditional investors typically react to 40-50% profits.

BlackRock’s ETF IBIT has recorded substantial daily inflows, leading institutional interests to increase despite the current market’s lower profit margins compared to previous bull cycles.