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In the first week of 2026, the US spot BTC ETF and corporations (including MicroStrategy purchasing 1283 BTC) absorbed 6433 BTC from circulation, with miners producing 3137.5 BTC------institutions absorbed 105% of the new supply. Corporate treasuries hold 1.094 million BTC (accounting for 5.2% of the total), exchange inventories decline, and supply tightens. $BTC #Bitcoin