- Public companies added 110,000 BTC during Q2, extending sustained treasury accumulation despite slower purchases earlier this year.
- Exchange outflows continue exceeding inflows, reducing readily tradable Bitcoin and supporting long-term holding behavior across the market.
- Intraday momentum strengthened as buyers reclaimed resistance, while higher trading volume reflected expanding market participation.
Bitcoin Supply Shock continues attracting attention as corporate treasury accumulation, persistent exchange outflows, and improving market structure reinforce the narrative of tightening available supply across the Bitcoin market.
Corporate Treasury Demand Accelerates Again
Whale Factor recently shared updated treasury accumulation figures through a social media post. The discussion centered on public companies expanding their Bitcoin allocations.
The accompanying chart showed public companies acquiring 110,000 BTC during the second quarter. That total marked another strong quarter despite slower purchases earlier this year.
Corporate buying was relatively low during the bulk of 2023. Before the ramp up the additions were between 6,000 BTC and 40,000 BTC per quarter.
The highest amount of transactions occurred in the later part of 2024, with 234,000 BTC being purchased. But the activity kept rising in 2025 with businesses reporting six figure quarterly numbers at regular intervals.
Exchange Outflows Continue Limiting Available Supply
Exchange flow data presents another important part of the current market picture. Bitcoin withdrawals continued dominating exchange activity throughout the observed period.
Negative exchange netflows consistently exceeded positive inflows across multiple market cycles. Investors repeatedly transferred Bitcoin into private custody despite advancing prices.
Several daily withdrawal spikes exceeded 50,000 BTC during 2024. Those movements coincided with Bitcoin’s transition into a stronger bullish market phase.
Temporary inflow events also appeared across the dataset. However, renewed withdrawals frequently followed, preventing lasting growth in exchange-held balances.
Reduced exchange inventories often leave fewer coins available for immediate trading. That pattern becomes increasingly relevant whenever buying demand remains steady.
Price Structure Supports Improving Market Momentum
Intraday trading reflected steady buyer participation throughout the latest market session. Bitcoin gradually advanced before breaking above nearby resistance during evening trading.
Bitcoin is as of writing, trading at $63,864.47, a 1.79% increase in the last 24 hours. Buyers held a higher low and extended the recovery to new highs intraday.
Market capitalization expanded alongside the latest advance, reflecting broader market strength. Daily trading volume also increased, supporting the breakout with stronger participation.
The volume-to-market-cap ratio remained balanced throughout the session. Circulating supply continued approaching Bitcoin’s fixed maximum issuance limit.
Recent price action complements the broader accumulation narrative presented across the charts. Corporate treasury buying continues absorbing meaningful supply from the market.
Exchange outflows reinforce that longer-term holders remain active despite previous volatility. Together, these trends continue reducing readily available Bitcoin across trading venues.
The immediate technical focus now centers on maintaining recently reclaimed resistance as support. Continued institutional accumulation and restrained exchange balances remain closely watched market indicators.
