Simply Bitcoin Why The Bitcoin Whales Are About To Eat You Alive | Simply Originals
Mar 13, 2026
They unpack massive institutional accumulation and how it is removing Bitcoin from circulation. They highlight on-chain signals showing small wallets selling while large wallets absorb dips. They explore ETFs reshaping market flows and banks now distributing them. They discuss shrinking liquid supply, self-custody as a strategy, and matching long time horizons to survive the new market structure.
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Institutions Are Conducting A Supply Capture
- Institutional buyers are executing a coordinated supply capture by buying through drawdowns.
- MicroStrategy holds ~738,731 BTC (≈3.5% of total supply) and funded recent buys by issuing stock while sitting on paper losses.
Functional Bitcoin Supply Is Much Smaller Than Nominal
- Real functional supply is far lower than nominal 21M due to lost coins and long-term holders.
- ~20M mined, 3–4M likely lost, leaving ~15–16M liquid coins, with institutions absorbing a rising share.
BlackRock Dominates ETF Flow And Market Narrative
- ETF flows now dominate price narrative because one firm controls most volume.
- BlackRock's iBit accounted for 96% of net ETF volume influence, flipping sentiment when it bought on a single day.