According to @QCPgroup, nearly 25,000 BTC has left exchanges over the past two weeks. @QCPgroup reports that ETF and corporate holdings now exceed exchange balances for the first time. @QCPgroup also notes that ETH shows the same structural outflow trend. @QCPgroup characterizes these moves as a structural outflow trend.

According to the source, Metaplanet purchased 1,234 BTC at an average price of $107,877, increasing its total holdings to 12,345 BTC and overtaking Tesla's 11,509 BTC. This positions Metaplanet as the fifth largest corporate holder of Bitcoin, behind MicroStrategy, MARA, Riot, and Galaxy, potentially signaling increased institutional demand that could support BTC prices in the crypto market.

According to CCData, major corporate Bitcoin holders have significantly increased their BTC holdings, the Bitcoin network's transaction volume reached $19 trillion in 2024, and Coinbase has expanded its European presence by acquiring a MiFID II license.