Large Bitcoin wallets add 577,000 BTC worth $53B as institutional demand grows
Recent on-chain data indicates that institutional custody wallets and spot Bitcoin ETFs have accumulated about 577,000 BTC, valued at roughly $53 billion, over the past year. Large holders now control significantly more Bitcoin than two years ago, while US spot ETFs have seen net inflows and corporate treasuries have expanded their BTC positions, reducing the supply available on exchanges.