$BTC

Bitcoin institutions under pressure from the numbers...
Are we approaching the "hour of truth"?
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The latest data from "Bianco Research" in February 2026 reveals a shocking truth about the cost of holding Bitcoin among the largest institutions and key players in the global market.

Here are the precise figures:

**Institution Holdings:**
Today, the "MicroStrategy" (MSTR) share, along with 11 ETFs, controls 10% of the total available Bitcoin in the market.

**Average Cost:**
The average purchase price for this group combined is approximately $85,360.

**Current Situation:**
With Bitcoin currently trading at around $77,670, these major institutions find themselves "Underwater" (Underwater) with unrealized losses approaching $7 billion.

**Why is this number critical?**
ETFs have long been viewed as the force that would bring stability and continuous inflows.

But the reality is that the "normie" institutional investor (Normie) who bought at the peak of enthusiasm is now facing real psychological and financial pressures.

**The Perspective Behind the News:**
There is a fundamental difference between "MicroStrategy," which has a long-term holding strategy with a low historical average cost (around $76,052), and the ETFs that entered at higher prices.

The real danger lies in "late positions";
if the psychological defense line at $80,000 is broken,
we may see a strong wave of exits from retail and institutional investors who are unaccustomed to the violent crypto fluctuations.

**Summary:**
The market today is testing the "strength of the hand" among institutions.

As unrealized profits erode, the gap begins to appear between the strategic investor and trend followers.

By 2026, Bitcoin is no longer just a speculative asset,
but a battleground for patience between the old whales and new entrants.

Do you think institutions will have the "patience" to get through this phase,
or will the pressure of losses force them to reallocate?

Looking forward to your opinions in the comments... and stay tuned for market updates.

$BTC #WhenWillBTCRebound?