Institutions still have a strong appetite for Bitcoin. Recent data shows that in the US custody wallets, each account typically holds between 100 and 1,000 BTC, which is quite substantial. If we exclude addresses of trading platforms and miners, this metric can actually well reflect the true demand from institutions.



A more intuitive figure is this—over the past year, the value of Bitcoin accumulated by institutions has reached $53 billion. From this perspective, the enthusiasm of large institutions for BTC has not cooled down; instead, they continue to increase their holdings. What does this imply? It indicates that Bitcoin as an institutional asset allocation option has gained considerable recognition and attention.
BTC0.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned