What changed
Only 104,105 BTC, worth about $8 52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi (or BTCFi) economy 7 billion, is currently deployed in productive onchain strategies, according to a joint report from Yield Basis and Valueverse
Why it matters
Macro positioning around BTC can change volatility, liquidity, or sentiment. The concrete detail to watch is only 104,105 BTC, worth about $8
Trading lens
Use this as watchful context from news.bitcoin.com. Watch whether 52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi (or BTCFi) economy confirms momentum, invalidates active bias, or changes timing.