Bitcoin Accumulation Signals Institutional Interest

CryptoQuant’s recent findings show that large wallets holding between 100 and 1,000 BTC have gathered approximately $53 billion worth of Bitcoin over the past year, indicating strong ongoing demand from institutions. According to CryptoQuant’s founder, Ki Young Ju, this cohort has seen a total of 577,000 BTC flowing in during this period, pointing towards persistent interest, especially from institutional investors based in the United States.

“Excluding exchanges and miners, this gives a rough read on institutional demand.” (Translation: This data effectively represents the interest shown by institutions rather than exchanges or miners.)

Notable Increases in Bitcoin Holdings

The accumulation over the last two years has spiked around 33%, coinciding with the introduction of Bitcoin ETFs. Some 1.2 billion dollars have been injected into spot Bitcoin ETFs in the U.S. this year alone.

Michael Saylor’s strategy with Crypto DATs has been integral, as these groups have acquired 260,000 BTC since July, translating to about $24 billion at current rates, and reflecting a 30% increase in holdings.

Shift in Retail Sentiment

While institutional appetite remains robust, retail sentiment appears tentative, with the Fear & Greed Index reporting a fear rating of 32 after a brief period of greed. This shift follows Bitcoin’s recent price drop from $97,000 to under $92,000, pulling market sentiment down amid escalating trade tensions.