Major entities now hold nearly 6 million Bitcoin, according to recent onchain data, while the cryptocurrency's price remains below the $100,000 mark. Over the past two years, centralized exchange holdings have decreased to under 3 million BTC, reflecting a shift in storage preferences. Institutional demand, particularly in the U.S., has surged, with public companies, governments, and ETFs collectively holding approximately 3 million BTC. Despite this accumulation, Bitcoin's price is currently pressured by a mix of bearish four-year cycle trends and bullish institutional interest. Analysts suggest that Bitcoin needs to surpass $99,000 to mitigate potential downside risks to $76,000.