Bitcoin’s market “plumbing” is now owned by these major banks that are controlling the price action
December 23, 2025 · 1:00 PM

By 2025, the crypto market had transformed significantly from its 2021 peak, with no dramatic rallies or viral trends. Instead, the focus shifted to institutional involvement, as evidenced by 13F filings and custody agreements. BlackRock's spot Bitcoin ETF emerged as a major player, holding 776,100 BTC, indicating that large banks now dominate the market's infrastructure and influence price movements.
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