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The impressive Q1 stat:
Despite Bitcoin dropping 23%, US spot ETF balances barely budged.
- Tight range: 1.26M to 1.31M $BTC
- Ended the quarter at 1.29M $BTC, almost unchanged
No big outflows. No retail style panic.
The new wave of Bitcoin holders through ETFs is showing real backbone. These aren’t the weak hands we used to see. They absorbed the pain and stayed put. That resilience is building a stronger foundation for the asset.
When big money holds steady through volatility, it changes the game; less supply shock on the way back up.
Respect to those who didn’t flinch.