
Bitcoin DeFi contracted to 91,000 BTC by mid-2026. That’s only 0.46% of the circulating supply. The market just delivered a clear verdict: Liquidity depth no longer decides where institutional Bitcoin goes. Custody model does. Every hybrid, bridged, or multi-sig dependent system is being stress-tested right now. The ones that survive will be those that never compromised on verifiable, on-chain sovereignty. This is not a setback for BTCFi. It’s a filter. #BTCFi #Bitcoin
