Bitcoin institutional investment vehicles have shed 10% of their BTC holdings over three months, dropping from 1.33 million to 1.20 million BTC according to CryptoQuant data. The Bitcoin corporate treasury model is breaking as company valuations fall below their net asset value, making financing dilutive. Coinbase Premium has hit a record 93 consecutive days of negative readings, signaling muted US institutional demand. Strategy, the largest Bitcoin treasury holder among public corporations, sold 1,638 BTC last week. Citi has cut its BTC price forecast to $53,000 through 2027.
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