📈 Institutional demand for Bitcoin custody continues to rise!
CryptoQuant CEO Ki Young Ju pointed out that institutions are pouring into the Bitcoin custody market, with holdings exceeding 2.4 times that of ETF channels! 💰 Over the past year, ETFs have netted 278,000 Bitcoins, with retail funds accounting for 80%, but the pace of institutions is clearly larger, with 670,000 Bitcoins flowing directly into custody wallets! 📊
🌐 Most of these 'whale wallets' hold over 1,000 Bitcoins, far exceeding the average holdings of ETFs, showing the depth of institutional positioning. The rise of custody wallets also indirectly confirms institutions' confidence in decentralized assets, especially during unstable market periods, this trend is even more apparent.
👉 Opinion: While institutional funds have enhanced market stability, this concentration of holdings may also increase market volatility and uncertainty. Investors need to closely monitor whale movements and act cautiously to avoid being misled by significant fluctuations.
What does the future hold for Bitcoin? What opportunities or challenges will this wave of custody wallets bring? 💡
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