According to @Andre_Dragosch, recent data shows that in 2025, public companies and Bitcoin-focused funds and ETPs are leading the accumulation of Bitcoin, while individuals and private companies have emerged as the main sellers (source: @Andre_Dragosch, Twitter, May 16, 2025). This shift in Bitcoin holdings suggests increased institutional demand and reduced retail participation, which historically has contributed to increased price stability and potential upward momentum in crypto markets. Traders should closely monitor these accumulation patterns as they may signal further institutional entry points and potential for long-term bullish trends.