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Bitcoin ETFs Now Hold Over 6% of Supply
- Institutional funds now hold over 6% of Bitcoin's supply, creating supply-side pressure.
- BlackRock leads among ETF issuers with 692,876 BTC under management.
- The average entry price for ETF-held Bitcoin is $73,600, serving as a key support level.
- Institutions are cautious, with ETF MVRV ratio at 1.43 and many securing profits before cycle peaks.
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