"Significant Increase in Institutions Holding Large Amounts of Bitcoin Since January"

Source
Son Min

Summary

  • Since January, it has been observed that about 100 new institutional investors holding more than 1,000 Bitcoins have increased.
  • It was reported that the accumulation of Bitcoin by institutional investors is accelerating.
  • Currently, Bitcoin is confirmed to be trading up 0.43% compared to the previous day.
Source=Glassnode
Source=Glassnode

Since January, there has been a significant increase in new institutional investors holding more than 1,000 Bitcoins (BTC).

On the 28th (local time), virtual asset analyst Ali Martinez stated on X (formerly Twitter), "Since January, about 100 new institutional investors holding more than 1,000 Bitcoins have increased." It is interpreted that the accumulation of Bitcoin by institutional investors is accelerating.

As of 3:35 PM, Bitcoin is trading at $94,383 on the Binance USDT market, up 0.43% from 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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