Bitcoin liquidity has vanished into a “shadow” system where corporate debt cycles now dictate the crash risk

As of Dec. 8, Bitcoin ETFs hold 1,495,160 BTC and public companies hold 1,076,061 BTC. Combined, that’s roughly 2.57 million BTC, substantially more than the 2.09 million BTC sitting on centralized exchanges. The most price-sensitive inventory in Bitcoin’s 19.8 million circulating supply has migrate

Original Article: CryptoSlate

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