Due to the Coinbase migration, the measured STH supply is now around ~5.4M BTC. A non-trivial chunk of that belongs to corporate treasuries and ETFs, while the rest is held by the real-economy investors who are effectively providing ongoing demand on the market.
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Due to the Coinbase migration, the measured STH supply is now around ~5.4M BTC. A non-trivial chunk of that belongs to corporate treasuries and ETFs, while the rest is held by the real-economy investors who are effectively providing ongoing demand on the market.