According to ChainCatcher, Cointelegraph reported that the on-chain analysis platform CryptoQuant published a blog post stating that institutional investors increased their holdings by 100,000 bitcoins in a week, worth about $5.7 billion. CryptoQuant analyst Cauê Oliveira pointed out that since the beginning of June, these entities holding 1,000 to 10,000 bitcoins have accelerated their pace of increase, and even when the price of Bitcoin hit its lowest level since February, the increase continued. Unlike the ETF inflows in March, this increase is more like a "bottom-fishing" behavior by big players.