The share of bitcoins on exchanges has fallen below 11% - the lowest since 2018. The strong outflow of funds is due to growing institutional demand and falling confidence in centralized platforms. Flows into spot bitcoin-ETFs have exceeded $44 billion, and some 60 public companies already control about 3% of all bitcoin issuance. All of this points to a growing preference for long-term storage and a potential lack of supply in the market. At the moment, when the price of bitcoin is gradually declining amid general instability, this fact does not have a significant impact, however, at the moment when the demand for the asset will increase, the lack of liquidity may lead to accelerated price growth and new historical highs.So far, the price is held above the area of $101000-105000, which we wrote about earlier. If the decline continues, the nearest support zone may become the price range: $93000-98000.