Mysterious Bitcoin Whale Continues to Add $1 Billion in BTC Daily – Who is the New Power of the Crypto World?

This increase is likely a result of institutional investors purchasing Bitcoin and moving these assets to custodial wallets. In the last 30 days, long-term holders have accumulated 70,000 BTC and whale demand is growing at 4.4% per month.

A sustainable price increase is expected for Bitcoin because there are several main factors contributing to the growth of demand:

**Increase in Large Investors and Permanent Holders: Investors are observing a faster increase in the total balances of large investors and permanent owners. Confidence among long-term Bitcoin holders is likely increasing.

**Daily $1 Billion Input: New Bitcoin investors invest $1 billion every day. This major investment demonstrates the interest and confidence in Bitcoin from leading market participants.

**Increase in #Bitcoin Purchases from Spot #ETFs in the USA: As a result of the USA's approval of the spot Bitcoin ETF and the increase in activity, the demand for Bitcoin increased. This new investment channel increases demand by offering investors a more convenient way to access Bitcoin.

Looking at the market dynamics, it is noteworthy that traders have exhausted themselves due to intense sales. Resetting the unrealized profit rate to 0% indicates that there may be less selling pressure at the moment and the beginning of a new accumulation phase.

There is also an increase in demand for Ethereum. Since May 20, when spot #ETH ETFs were approved in the US, long-term Ethereum holders and large investors have increased their ETH purchases. This shows that trust in #Ethereum as well as Bitcoin has increased.
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