Bitcoin (BTC) is maintaining its position above $100,000, defying weeks of profit-taking from large holders. Despite billions in realized gains by whales, a steady stream of inflows into ETFs led by BlackRock and Fidelity, and corporate accumulation from companies like Strategy, has kept the world’s largest cryptocurrency stable. This rare equilibrium – one that could propel the market higher or unravel if inflows decrease – arises from the clash between institutional demand and long-term holders’ selling pressure. 631,640 BTC in total Bitcoin Spot ETFs currently hold over $138.9 billion in value with daily trading volumes exceeding $4.55 billion. 642,000 BTC worth roughly $65.7 billion is held by MicroStrategy (MSTR), led by Michael Saylor, demonstrating the effectiveness of corporate-driven strategies to hedge against inflation. These large Bitcoin buys by Strategy have inspired other firms to follow their hedge approach as well, providing market participants with a reference point for stability.