America Bitcoin Spot ETF: the real “hardcore bull” that never wavered



In Q1 2026, a data point that many people overlooked—but is extremely critical—emerged: the total holdings of Bitcoin spot ETFs have consistently stayed within the range of 1.26 million to 1.31 million BTC.

As of the end of March: about 1.29 million BTC, with almost no change from the start of the quarter.

More importantly, during this period: Bitcoin’s maximum drawdown reached 23%.

This is typical—enough to trigger retail panic and liquidation/exit.

But the result was: no large-scale de-risking, no panic selling, no “surrender-style clearance.”

What does this mean?

The real float/bets are locked up in institutional hands.
BTC4.97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
ChasingTomorrow
· 6h ago
Steadfast HODL💎
View OriginalReply0
  • Pin