Solana Surge? Bitcoin ETFs Now Hold 1.47M BTC — Over 7% of Supply
CryptoQuibbler visualization of a futuristic vault filled with golden digital coins, symbolizing Bitcoin ETFs absorbing supply. 🔑 Key Takeaways Spot Bitcoin ETFs now control 1.47 million BTC , locking up over 7% of total supply in regulated custody. This centralization marks Bitcoin’s evolution into an institutional reserve asset , but risks turning it into a Wall Street proxy. Solana shows technical strength : rising TVL, wallet growth, and bullish chart signals suggest capital rotation into high-beta assets. Key levels: $202 as short-term support, $213–$218 resistance. RSI near overbought, but momentum remains intact. Market structure is polarizing: ETF majors (BTC, ETH) vs. speculative growth chains (SOL) , leaving mid-tier tokens vulnerable. CryptoQuibbler illustration of glowing blockchain highways where capital rotation flows toward high-beta chains like Solana. 🗞 Main Story 📊 ETFs Absorb 7% of Bitcoin Supply I...