Despite a significant market correction, major institutional and corporate entities demonstrated unwavering confidence in Bitcoin throughout November, embarking on a substantial accumulation spree.
Aggressive Accumulation Amidst Price Downturn
In a counter-intuitive move, Digital Asset Treasuries collectively added a net 18,700 BTC during November. This occurred even as Bitcoin's price plummeted over 15% from $103K to roughly $86K. This robust buying activity ranks among the strongest monthly additions this year. It propelled the total treasury-held Bitcoin to nearly 1.86 million BTC. Effectively, almost 9% of the cryptocurrency's circulating supply is now locked away in corporate, institutional, and government balance sheets. This consistent trend indicates long-horizon wallets actively absorbing supply during downside pressure.
Deepened Institutional Conviction and Supply Squeeze
This sustained absorption of supply during price dips underscores a clear long-term strategy from sophisticated investors. Firms like Strategy exemplify this trend, continuing to raise significant capital and reaffirming their commitment to Bitcoin accumulation, even during market declines. Such determined institutional buying, coupled with historically low new issuance, intensifies the 'supply squeeze' narrative. It strongly signals that long-term buyers perceive recent market corrections not as risks, but as strategic opportunities to bolster their digital asset holdings.
