Analysis: Institutional demand for bitcoin remains strong, with institutions increasing their holdings by approximately $53 billion worth of BTC over the past year
ChainCatcher reported that CryptoQuant founder Ki Young Ju stated, "Institutional demand for bitcoin remains strong. In the US, custodial wallets typically hold 100–1,000 BTC each. After excluding exchange and miner addresses, this metric can serve as a rough reference for gauging institutional demand, and ETF holdings are also included. Over the past year, institutions have added a total of 577,000 BTC (approximately $53 billion), and capital continues to flow in."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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