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Bitcoin (CRYPTO: BTC) has rebounded to $78,000, supported by growing evidence of tightening supply as institutional accumulation accelerates.
“Great Supply Drain”
Data from analytics platform CryptoQuant indicates that Bitcoin reserves on exchanges have been steadily declining since 2023–2024, reflecting a structural shift toward reduced available supply on trading platforms.
The trend raises a central question in the market that who is absorbing the available Bitcoin supply?
According to market data, large institutional players have become the dominant buyers.
Asset managers such as BlackRock (NYSE:BLK), through its iShares Bitcoin Trust (NASDAQ:IBIT), alongside financial institutions including Morgan Stanley
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