While Long Term Holders show moderate outflows, Whales and Short Term Holders are buying with conviction. This demand is vacuuming exchange liquidity into institutional custody—highlighted by over $1.7B in ETF inflows since Jan 12. Jan 14 alone saw a massive $800M entry, with BlackRock’s IBIT capturing $648M of that total. As institutions effectively "dry up" the market, we are witnessing a textbook Supply Shock pushing $BTC above $97,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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