Bitcoin demand has surged, with whales accumulating more than 70,000 Bitcoins in the past month. BTC prices are expected to continue to hit new all-time highs.
As the Bitcoin (BTC) price remains above $71,000, interest from long-term holders appears to be growing again. BTC whales appear to be returning to massive accumulation once again as they have been buying heavily over the past month.
Large BTC investors contribute $1 billion in daily inflows
CryptoQuant reports that Bitcoin demand growth has improved significantly, a key condition for continued price increases. Several factors have contributed to this positive trend:
Balance growth of permanent holders and large investors: The total balance growth rate of long-term holders and large investors is faster, indicating stronger confidence in the future performance of BTC.
Daily Inflows from Large Bitcoin Investors: The market is seeing $1 billion in inflows daily from new large Bitcoin investors, indicating growing interest and investment in cryptocurrencies.
The number of spot ETFs purchasing Bitcoin has increased: The number of U.S. spot ETFs purchasing Bitcoin has increased significantly, further stimulating demand.
Furthermore, the report also highlights that the heavy selling by traders has subsided. This is evidenced by the reset of the unrealized profit rate to 0%, which indicates that the market may have reached a point of equilibrium, and the reduction in selling pressure will help the Bitcoin price maintain its current stability and upside potential.
CryptoQuant has observed a clear pick-up in Bitcoin whale buying interest, reaching its highest level in the past two months. Permanent holders have accumulated 70,000 BTC in the past 30 days, with whale demand for Bitcoin growing at a monthly rate of 4.4%.
Bitcoin ETF inflows continue
Bitcoin spot ETFs have seen net inflows for 18 consecutive days. On Thursday, June 6, the total net inflow of U.S. Bitcoin spot ETFs reached US$218 million. Among them, Grayscale's ETF GBTC had a net inflow of US$37.574 million in a single day, and BlackRock's ETF IBIT had a net inflow of US$350 million in a single day. The historical cumulative net inflow of IBIT has now reached US$17.431 billion.
Bitcoin demand has surged, with whales accumulating more than 70,000 Bitcoins in the past month. BTC prices are expected to continue to hit new all-time highs.
As the Bitcoin (BTC) price remains above $71,000, interest from long-term holders appears to be growing again. BTC whales appear to be returning to massive accumulation once again as they have been buying heavily over the past month.
Large BTC investors contribute $1 billion in daily inflows
CryptoQuant reports that Bitcoin demand growth has improved significantly, a key condition for continued price increases. Several factors contribute to this positive trend:
Balance growth of permanent holders and large investors: The total balance growth rate of long-term holders and large investors is faster, indicating stronger confidence in the future performance of BTC.
Daily Inflows from Large Bitcoin Investors: The market is seeing $1 billion in inflows daily from new large Bitcoin investors, indicating growing interest and investment in cryptocurrencies.
The number of spot ETFs purchasing Bitcoin has increased: The number of U.S. spot ETFs purchasing Bitcoin has increased significantly, further stimulating demand.
Furthermore, the report also highlights that the heavy selling by traders has subsided. This is evidenced by the reset of the unrealized profit rate to 0%, which indicates that the market may have reached a point of equilibrium, and the reduction in selling pressure will help the Bitcoin price maintain its current stability and upside potential.
CryptoQuant has observed a clear pick-up in Bitcoin whale buying interest, reaching its highest level in the past two months. Permanent holders have accumulated 70,000 BTC in the past 30 days, with whale demand for Bitcoin growing at a monthly rate of 4.4%.
Bitcoin ETF inflows continue
Bitcoin spot ETFs have seen net inflows for 18 consecutive days. On Thursday, June 6, the total net inflow of U.S. Bitcoin spot ETFs reached US$218 million. Among them, Grayscale's ETF GBTC had a net inflow of US$37.574 million in a single day, and BlackRock's ETF IBIT had a net inflow of US$350 million in a single day. The historical cumulative net inflow of IBIT has now reached US$17.431 billion.
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