Institutional Absorption
Market Structure· DE: Institutionelle Absorption
The share of Bitcoin supply absorbed by institutions (ETFs, treasuries, governments) — dampens the raw cycle score because absorbed supply is less reflexive.
Calculation
inst_total_pct = ETF + treasury + government holdings (% of supply); factor = 1 + inst_total_pct/100; adj/z_adj scores divide by this factor.
Unit & source
pct · tradingstrategies.work Market-Pulse / Bitcoin-Cycle methodology
Related terms
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.