Bitcoin Faces $4.4B Supply Overhang as ETF Redemptions Hit Record

Bitcoin faces a $4.4 billion supply overhang after ETFs sold 71,600 BTC this month, according to Glassnode. Corporate treasuries bought only 7,500 BTC, leaving a net figure of around -77,000 BTC after newly mined coins. Strategy announced a BTC monetization plan on Monday that authorizes up to $1.25 billion in potential Bitcoin sales.
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