CryptoQuant CEO Ki Young Juon October 29 institutional investors Bitcoin 
$68,187 reported that demand is increasing. In particular, the money transferred to wallets called “whales” created by large cryptocurrency holders. Bitcoin The amount has increased significantly over the past year to include transfers outside of exchanges and mining pools. During the same period in the USA spot ETFWhile there was a net inflow of approximately 278 thousand BTC to ‘s, it was observed that approximately 80 percent of this amount came from individual investors.
Corporate Demand is Twice as High as Individual
Ki Young Ju emphasized that institutional investors focus more on security and prefer storage solutions accordingly. Most of the large-scale Bitcoin wallets with a total of 670 thousand BTC are in this “whale” creates wallets.
On the other hand, it seems that such wallets holding over a thousand BTC mostly turn to safe storage options, unlike individual investors.
Differences Between ETFs and Whale Wallets
ETF wallets usually have thousands of BTCStating that they keep a balance below , Ju said that most of the large wallets are managed by institutional investors. Corporate demand has increased their demands for storage solutions, preferring these wallets that are advantageous in terms of security.
Currently, institutional investors seem to be more interested in security-focused solutions than individual investors. This signals the expectation of greater institutional demand for spot Bitcoin ETFs and secure wallet solutions in the future.
With all this, Bitcoin is trading around the 71 thousand dollar threshold with a 3.90 percent increase in the last 24 hours, according to current data. With this increase in price, there is also a significant increase in transaction volume. Volume data provided by CoinMarektCap reveals that the transaction volume increased by 145.55 percent in the same time period, reaching $47.48 billion. Data is the biggest cryptocurrencyIt shows that the price of has increased by over 5 percent in just the last 7 days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
